21st Jun 2007 13:30
Kazakhmys PLC21 June 2007 21 June 2007 Kazakhmys extends offer for Eurasia Gold Inc. Kazakhmys PLC ("Kazakhmys") (LSE:KAZ) announced today that Kazakhmys Gold Inc.,an indirect wholly-owned subsidiary of Kazakhmys, has extended its offer for100% of the ordinary shares of Eurasia Gold Inc. ("Eurasia") dated 15 May, 2007(the "Offer"). The Offer is now open for acceptance until 5:00 p.m. (Torontotime) on 4 July, 2007, unless further extended or withdrawn. The Offer was extended in order to allow time for the satisfaction of thecondition relating to receipt of necessary regulatory approvals and to allowadditional shares to be tendered under the Offer. Kazakhmys also announces that the condition whereby all outstanding options ofEurasia be exercised or cancelled at or prior to the expiry time of the Offerhad been waived by Kazakhmys Gold Inc. Except for the above variation and extension, the terms and conditions set forthin the Offer continue to apply in all respects. In this context, Kazakhmys GoldInc. will mail a Notice of Variation and Extension (the "Notice") to all personsto whom the Offer to Purchase and Circular was required to be delivered. Eurasia shareholders are advised to read the Notice, the Offer to Purchase andCircular, the Directors' Circular and related documents which have been filedwith the Canadian securities commission as they contain important information.Shareholders may obtain a copy of the material (when available) at the CanadianSEDAR web site at www.sedar.com. For further information please contact: Jinsoo Yang, Head of Investor RelationsSergei Stephantsov, Deputy Head of Investor RelationsKazakhmys PLC Tel:+44 20 7901 7800 Robin WalkerFinsbury Tel:+44 20 7251 3801 - ends - Notes to Editors About Kazakhmys Kazakhmys is a London-listed natural resources company with primary operationsin Kazakhstan and Germany. Kazakhmys' operations are vertically integrated andits principal business is the mining, processing, smelting, refining and sale ofcopper and copper products as well as various by-products such as zinc, gold andsilver. Kazakhmys operates 19 open pit and underground mines and two smeltingand refining complexes in Kazakhstan and a copper products fabrication companyin Germany. Kazakhmys is listed on the London Stock Exchange under the symbol KAZ. Forfurther information, visit the website at www.kazakhmys.com. Forward looking information This press release contains certain forward-looking information and statementswithin the meaning of applicable securities laws relating, but not limited, tooperations, anticipated or prospective financial performance, results ofoperations, business prospects and strategies of Kazakhmys. Forward-lookinginformation typically contains statements with words such as "consider","anticipate", "believe", "expect", "plan", "intend", "likely" or similar wordssuggesting future outcomes or statements regarding an outlook on future changesin volumes, freight rates, costs, achievable cost savings, the estimated amountsand timing of capital expenditures, anticipated future debt levels and incentivefees or revenue, or other expectations, beliefs, plans, objectives, assumptions,intentions or statements about future events or performance. These statements are subject to known and unknown risks, uncertainties and otherfactors that could cause actual results to differ materially from thosesuggested by the forward-looking statements. Although Kazakhmys believes it hasa reasonable basis for making the forecasts or projections included herein, youare cautioned not to place undue reliance on such forward-looking information.By its nature, the forward-looking information involves numerous assumptions,inherent risks and uncertainties, both general and specific that contributes tothe possibility that the predictions, forecasts and other forward-lookingstatements will not occur. Kazakhmys undertakes no obligation, except asrequired by law, to update publicly or otherwise revise any forward-lookinginformation, whether as a result of new information, future events or otherwise,or the above list of factors affecting this information. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
KAZ.L