• Acquisition in kind of gold mining group NMC approved
• Dividend of remaining shares of Kopylovskoye AB to the CAG shareholders also
approved
An Extraordinary General Meeting ("EGM") in Central Asia Gold ("CAG") was today
conducted in Stockholm. The main agenda items were to approve of the proposed
acquisition in kind of Russian gold mining group NMC, to approve of the
dividend of the remaining shares in Kopylovskoye AB in relation 1:1, to reduce
the par value of the CAG shares etc.
At the shareholders' meeting there were 244.081.307 shares present.
After a presentation of the proposed merger, the present shareholders approved
of the acquisition of NMC group against payment of 3,000,000,000 newly issued
CAG shares and 500,000,000 newly issued warrants. Furthermore, the par value of
the CAG shares was lowered to SEK 0.05 from SEK 0.20 in order to enable the
proposed dividend. Thereafter the dividend itself was approved. The record date
for the dividend is December 30, 2008 and the CAG shares will trade excluding
the right to dividend as from tomorrow, December 23.
Also, the previous sale of 25,000 shares in Kopylovskoye AB to Swedish company
Lannion AB was approved by the present shareholders.
In addition to the agenda items, Mr. Preston Haskell, main owner of NMC,
introduced himself and spoke about his business back ground and his vision of
the future of CAG.
It was furthermore explained that a new board of Directors will get appointed
at a separate extraordinary shareholders' meeting, which is planned to be
convened in sometimes in February 2009. A notice will be distributed in due
time.
For more information, please contact:
MD Torbjorn Ranta, tel: +46 (0)8 624 26 80, fax: +46 (0)8 624 37 20, mobile
phone: +46 (0)70 8 85 55 04, e-mail: torbjorn.ranta@centralasiagold.se,
Website: www.centralasiagold.se, Post- and visiting address: Brovägen 9, SE-182
76 Stocksund
Central Asia Gold AB is a Swedish mining company focused on gold production and
exploration in Russia and Mongolia in the central parts of Asia. The gold
production was initiated in late January 2005 and the assets today encompass
some 645,000 troy ounces (1 troy ounce = 31.1 g) of C1/ C2 Russian gold
reserves.
Cautionary Statement: Statements and assumptions made in this report with
respect to Central Asia Gold AB's ("CAG") current plans, estimates, strategies
and beliefs, and other statements that are not historical facts, are
forward-looking statements about the future performance of CAG. Forward-looking
statements include, but are not limited to, those using words such as "may",
"might", "seeks", "expects", "anticipates", "estimates", "believes",
"projects", "plans", strategy", "forecast" and similar expressions. These
statements reflect management's expectations and assumptions in light of
currently available information. They are subject to a number of risks and
uncertainties, including, but not limited to, (i) changes in the economic,
regulatory and political environments in the countries where CAG operates; (ii)
changes relating to the geological information available in respect of the
various projects undertaken; (iii) CAG's continued ability to secure enough
financing to carry on its operations as a going concern; (iv) the success of
its potential joint ventures and alliances, if any; (v) exchange rates,
particularly between the Russian rouble and the U.S. dollar. In the light of
the many risks and uncertainties surrounding any gold production and
exploration company at an early stage of its development, the actual results
could differ materially from those presented and forecast in this report. CAG
assumes no unconditional obligation to immediately update any such statements
and/or forecasts.
