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GBLP Advises AB Krasny Gold Fields on JV with GV Gold

panoramio.com

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Goltsblat BLP, the Russian practice of Berwin Leighton Paisner, has supported Krasny Gold Fields on a joint venture in the Irkutsk region with one of the key gold producers in Russia, the GV Gold open joint stock company.

Under the terms of the agreement, GV Gold may earn up to a 51% interest in the joint venture — named the "Krasny Project” -- by financing an in?fill exploration program. Signing of the agreement means that the parties have agreed to the final details of the deal structure and the exploration program.

Krasny Gold Fields is a subsidiary of Kopy Goldfields, listed at NASDAQ OMX First North in Stockholm, which is a gold exploration and production company operating in one of the most gold rich areas in the world; Lena Goldfields, Bodaibo, Russia. The company holds 100% of 11 bedrock exploration and production licenses on 1,963 square kilometers. The target for Kopy Goldfields is to create value by identifying and acquiring high potential gold projects, prospect and explore them until the stage when it can be either sold out for cash or developed in cooperation with another partner under JV agreement.

Goltsblat BLP’s team was led by Partner Anton Sitnikov, assisted by Partner Matvey Kaploukhiy. The team also included Partners Ian Ivory and Kyle Davis and Senior Associate Nikolay Kholshev.

 

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