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Centerra Gold : Canadian court seizes 6.5 million shares of Kyrgyzstan in Centerra Gold Inc.

03/03/2015 | 07:30am US/Eastern

The Ontario Superior Court Of Justice ruled to arrest the 6,500,240 shares of Kyrgyzstan in Centerra Gold Inc., the value of which is worth 20.5 million Canadian dollars.

Valery Belokon applied to the court after the Government of Kyrgyzstan did not fulfil its obligations in accordance with the decision of the International Arbitration Court in Paris from October 24, 2014, according to which the Government was obliged to pay $ 16.5 million to citizen of Latvia Valery Belokon.

Earlier, on February 26, Chairman of the Kyrgyzaltyn JSC board Tokon Mamytov reported that Valeri Belokon was going to file a claim to Canada and6 million shares might have been arrested.

(c) 2015 News Agency АКИpress - Provided by SyndiGate Media Inc. (Syndigate.info).

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