ALROSA’s subsidiary placed RUB 2.11 billion issue in favor of parent

Almazy Anabara, a subsidiary of ALROSA, attracted 2.11 billion rubles having carried out an additional equity offering, according to a report by Russia’s Federal Service for Financial Markets (FSFM), the PRIME news agency says.
The regulator registered the company’s report on the results of its additional issue of ordinary shares placed through closed subscription. According to the report, the issuer has placed 1.055 million of shares with a face value of 2,000 rubles.
Earlier, the Supervisory Board of ALROSA approved the transfer of rights to use some subsoil areas within diamond-rich alluvial fields Ruchey Gusiny and Ebelyakh (Yakutia) in payment for additional shares in Almazy Anabara.
The additional issue reached a total amount of 2.110378 billion rubles (by nominal value).
According to the company’s constituent documents, its registered capital prior to the additional stock issue was 2 million rubles divided into one thousand shares with a face value of 2,000 rubles.
ALROSA bought Ruchey Gusiny and Ebelyakh diamond deposits, as well as Dalnyaya diamond pipe at the end of 2010. The company paid 2.3 billion rubles for the right to develop these deposits at the tender run by Rosnedra (Russia’s Federal Agency for Subsoil Use). The total reserves of the diamond deposits located in the Republic of Sakha (Yakutia) are estimated at 42 million carats.