Lena Gold intends to sell 7% of Vysochaishiy Company to South-Verkhoyanskaya Mining Company, a subsidiary of Polus Gold. Experts say that the price planned is considerably lower than the real cost of the shareholding based on the results of the forthcoming company’s IPO. This information was provided by PRIME-TASS.

On January 25, 2007, the shareholders of Lena Gold will hold a meeting where the question of the sale will be discussed. According to the agenda of the meeting, the price of the shareholding is about$5.1 mln.