Based on materials from Vedomosti.

Buryatzoloto Company is expected to get $60 mln and new shareholders as a result of this additional emission. However, Canadian High River Gold Company — the principal shareholder of Buryatzoloto — is not going to give up its positions.

The meeting of Buryatzoloto shareholders approved additional emission. The chairman of the company’s board Alexander Balabanov hopes that the shares will be of interest to many current and potential shareholders including General Dinamic Gold Fund, J.P. Morgan Flemings Asset Management, Merrill Lynch Investment Managers, Credit Swiss Asset Management, Alfa Capital Holdings, Renessans Securities etc.

Canadian High River Gold Company considers Buryatzoloto to be its strategic investment and intends to keep its a-shares.