The Board of directors "Poles Gold" will consider of 50 %+1 shares of KazakhGold

/INTERFAX, Moscow, September 26, 08/ - The Board of directors of "Poles Gold" JSC, the largest manufacturer of the precious metal in Russia, at the meeting on September 30 will consider purchasing a 50%+1 shares of KazakhGold, told the Interfax source close to shareholders "Poles". According to it, shares purchase is planned for money and shares of "Poles Gold" JSC. The purchaser is one of the companies of "Poles" Group. "Poles Gold" JSC refused to comment. Earlier, The Board of directors of "Poles Gold" JSC at the meeting on September 30 will consider the question on international expansion. The Board will also discuss offers of the Management on activities due to critic of Russia president regarding activity of gold producing enterprises. Besides, source close to shareholders "Poles" informed that buyback question will be also discussed on the meeting. 2007 KazakhGold increased gold production by 6.4 % - to 232.06 th. troy ounces. At the end of 2005 KazakhGold conducted IPO in London. GDR KazakhGold is traded on London Stock Exchange, where one GDR is one share. [2008-09-26]