Petropavlovsk PLC Appointment of Peel Hunt as Joint Broker (1905O)
16 May 2018 - 4:00PM
UK Regulatory
TIDMPOG
RNS Number : 1905O
Petropavlovsk PLC
16 May 2018
16 May 2018
Petropavlovsk PLC
Appointment of Peel Hunt as Joint Broker
Petropavlovsk PLC ("Petropavlovsk" or the "Company") is pleased
to announce that it has appointed Peel Hunt LLP as joint broker
alongside Canaccord Genuity Limited with immediate effect.
About Petropavlovsk
Petropavlovsk is one of Russia's leading gold mining companies.
As at 31 March 2018, the Company had produced approximately 6.9Moz
of gold. At this time, Petropavlovsk is in the construction phase
of a state of the art pressure oxidation facility to process the
Company's substantial refractory resource base. The Company's
combined 3,430km2 license holding has untapped resource potential.
The Company is a leading employer and contributor to the
development of the local economy in the Amur region, Russian Far
East, where it has operated since 1994.
Petropavlovsk is a shareholder (31.1%) of IRC Limited and is the
guarantor of the US$340 million project finance facility (US$234
million principal outstanding as at 31 March 2018). IRC is a
vertically integrated iron ore producer and developer in the
Russian Far East and North-eastern China. IRC is listed on the Hong
Kong Stock Exchange (ticker: 1029.HK).
Petropavlovsk is listed on the Main Market of the London Stock
Exchange (ticker POG:LN).
Enquiries
For more information, please visit www.petropavlovsk.net and
www.ircgroup.com.hk or contact:
Petropavlovsk PLC Buchanan
Alya Samokhvalova Bobby Morse
Grace Hanratty Anna Michniewicz
+44 (0) 20 7201 8900 +44 (0) 207 466 5000
TeamIR@petropavlovsk.net POG@buchanan.uk.com
Peel Hunt LLP
Ross Allister
Richard Crichton
+44 (0) 20 7418 9000
This information is provided by RNS
The company news service from the London Stock Exchange
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