Nord Gold Plans Global Offering, Premium Listing In London
17 1월 2011 - 4:47PM
Dow Jones News
Nord Gold N.V., an established pure-play gold producer focused
on emerging markets and currently a wholly-owned indirect
subsidiary of OAO Severstal, announced Monday its intention to
proceed with an initial public offering and listing of its ordinary
shares.
MAIN FACTS:
-Nord Gold intends to apply to the Financial Services Authority
for its shares to be admitted to the premium segment of the
Official List and to the London Stock Exchange for all of its
shares to be admitted for trading.
-The Global offer will consist of newly issued shares and
existing shares being sold by a subsidiary of OAO Severstal.
-The company intends to use the net proceeds from the issue of
the new shares to repay the net amount of loans outstanding to OAO
Severstal and to fund its growth strategy via exploration,
development of projects and potential acquisitions.
-In connection with the Global offer, Morgan Stanley (MS) has
been appointed sole sponsor and Credit Suisse (CS) and Morgan
Stanley have been appointed joint global coordinators.
-Credit Suisse, Morgan Stanley and Troika Dialog will act as
Joint Bookrunners.
-Cannacord Genuity is acting as co-manager.
-By Zechariah Hemans, Dow Jones Newswires; 44-20-7842-9411;
zechariah.hemans@dowjones.com