ASIANET: AMAX GOLD ISSUES SHARES IN KUBAKA TRANSACTION

ข่าวต่างประเทศ Wednesday June 25, 1997 09:49 —Asianet Press Release

DENVER, June 24 /PRNewswire-AsiaNet/ -- Amax Gold Inc. today issued 3,585,526 shares of common stock to Cyprus Amax Minerals Company. The shares represent the second part of a two-part payment to Cyprus Amax for the Company's purchase of a 50% ownership interest in the Kubaka mine in Far East Russia. The second payment was triggered by the achievement of commercial production at Kubaka and increased Cyprus Amax's ownership of Amax Gold to 58.9%. The number of shares issued by the Company for the purchase totals approximately 15.4 million, and was reduced in connection with the settlement of a purported shareholder derivative lawsuit related to the acquisition. The settlement is subject to Delaware Chancery Court approval. Amax Gold Inc. produces gold in the United States, Chile and Russia, and explores for gold primarily in the Americas, Australia, Africa and Russia. Amax Gold common stock is listed on the New York Stock Exchange (AU) and The Toronto Stock Exchange (AXG), and the $3.75 Series B Convertible Preferred Stock is listed on the New York Stock Exchange (AUPrB). Actual results may vary materially from any forward-looking statements the Company makes. Refer to the Cautionary Statement in the Company's most recent Form 10-Q. CONTACT: Marj Charlier, Director, Investor Relations, 303-643-5625, or D. Michael Rounds, Director, Communications, 303-643-5186, both of Amax Gold Inc.

แท็ก america   asian   TOT   tat  

เว็บไซต์นี้มีการใช้งานคุกกี้ ศึกษารายละเอียดเพิ่มเติมได้ที่ นโยบายความเป็นส่วนตัว และ ข้อตกลงการใช้บริการ รับทราบ