LONDON, Jan 17 (Reuters) - Severstal:
* Nord gold - announces intention to proceed with a global offering and premium
listing of shares on the London stock exchange
* Nord gold - upon admission the free float will represent at least 25 per cent
of the company's issued share capital
* Nord gold 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
* Nord gold - selling shareholder will grant an over-allotment option of up to
15 per cent. of the global offer
((London Equities Newsroom; +44 20 7542 7717))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Nord gold - announces intention to proceed with a global offering and premium
listing of shares on the London stock exchange
* Nord gold - upon admission the free float will represent at least 25 per cent
of the company's issued share capital
* Nord gold 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
* Nord gold - selling shareholder will grant an over-allotment option of up to
15 per cent. of the global offer
((London Equities Newsroom; +44 20 7542 7717))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.