KYIV. Nov 18 (Interfax-Ukraine) – Avellana Gold Ltd. (Cyprus) has acquired 100% of PJSC Carpathian Mining Company (Karpatska Rudna Kompaniya, Berehove, Zakarpattia region) and will invest $400,000 in it, which is equivalent to UAH 10.404 million.
According to the company, the decision to raise funds was made on November 16 this year.
The ratio of the market value of funds raised to the value of the issuer’s assets, according to the latest annual financial report, is 68.65%.
The terms of attracting funds are not disclosed.
PJSC Carpathian Mining Company is the successor of Carpathian Mining Company LLC, which was registered on June 13, 2012. Its core business is production of non-ferrous metal ore. Its charter capital stands at UAH 13.55 million.
As of the second quarter of this year, Avellana Gold Ltd. (Cyprus) held 100% of PJSC Carpathian Mining Company.
