Nord Gold SE announces that the Share Buyback process of the second Tender Offer conducted in accordance with the circular published on 30 August 2017 (the “2017 HY Buyback”) for the purchase of up to 5,565,988 ordinary shares closed at 1 pm on 28 September 2017. A total of 22,236 shares of the Company for the total amount of US$76.7 thousand were validly tendered under the Tender Offer said the company’s press-service.
All shares validly tendered will be repurchased by the Company and cancelled. For the securities tendered payment is expected to be made by 5 October 2017.
Capitalised terms and expressions have the same meanings as those attributed to them in the circular sent to Company shareholders on 30 August 2017 which should be read in conjunction with the delisting circular published on 9 February 2017.
Nordgold is an internationally diversified gold producer established in 2007. In 2016, Nordgold produced 869 koz of gold. Nordgold operates 9 mines (4 in Russia, 3 in Burkina Faso and one each in Guinea and Kazakhstan). It has one project in construction phase (Gross in Russia), several prospective projects in feasibility study, advanced exploration phase and a diverse portfolio of early-stage exploration projects and licences in Burkina Faso, Russia, French Guiana and Canada.