Polymetal International plc (LON:POLY) has completed the previously announced sale of North Kaluga to North Kaluga Mining Limited for the total consideration of US$ 35.7 million.
Following satisfaction of all outstanding conditions to closing and requisite regulatory approvals, the Transaction was completed on 23 June 2020.
The total Transaction value amounts to US$ 35.7 million and comprises US$ 10.7 million in cash (which has already been paid), royalties with a fair value of US$ 19.1 million and repayment of all debt owed by the North Kaluga’s license holder to Polymetal International in the amount of US$ 5.9 million payable by 31 August 2020.
