9th Jul 2007 07:00
Kazakhmys PLC09 July 2007 9 July 2007 Kazakhmys PLC Commencement Compulsory Acquisition After close of the London Stock Exchange on Friday, 6 July 2007, Kazakhmys PLC("Kazakhmys") (LSE:KAZ) announced to the Toronto Stock Exchange that KazakhmysGold Inc., an indirect wholly-owned subsidiary of Kazakhmys, has mailed a noticeof compulsory acquisition to all remaining holders of Eurasia Gold Inc.("Eurasia") ordinary shares. Following the 4 July 2007 expiration of Kazakhmys Gold Inc.'s offer to acquireall of the issued and outstanding ordinary shares of Eurasia (the "Offer"),Kazakhmys Gold Inc. owns approximately 96.34% of the issued and outstandingEurasia shares. Since the Offer was accepted by holders of more than 90% of the Eurasia shares,Kazakhmys Gold Inc. is now exercising its right under the compulsory acquisitionprovisions of the Business Corporations Act (British Columbia) to acquire alloutstanding Eurasia shares not already owned by Kazakhmys Gold Inc. at the sameprice of Cdn$0.85 for each Eurasia share. Further details are provided inKazakhmys Gold Inc.'s Notice of Compulsory Acquisition available atwww.sedar.com. For further information please contact: John Smelt, Head of Corporate Communications Tel:+44 20 7901 7882Sergei 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. Kazakhmys Gold Inc. is a company incorporated under the laws of BritishColumbia, Canada. Its registered and records office is located at Suite 2600,Three Bentall Centre, P.O. Box 49314, 595 Burrard Street, Vancouver, BritishColumbia, V7X 1L3, Canada. 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