Far East | Materials, extraction | Finance, business

Timir miners $317m follow-on stock aired

13 Jan '10
Yakutia metal and mining company Timir is expected to float $317m worth of follow-on shares, the Federal Service for Financial Markets reports.

The Neryungri-based company will reportedly issue the shares by private subscription.

The follow-on issuance has been reportedly designated 1-01-32814-F-001D.

Metal and mining company Timir was set up in September 2008 to work on iron ore projects in Southern Yakutia. Its largest shareholder is diamond producer ALROSA.
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Tags: ALROSA (27) / follow on shares (18) / iron ore (14) / private subscription (1) / metal and mining company Timir (0) /

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