Commodity Quest AB (publ) (“Commodity Quest”) has acquired 700,000 shares in Kopylovskoye. Following the transaction, Commodity Quest to own 1,487,698 shares in Kopylovskoye, representing approximately 22.5 percent of the shares in Kopylovskoye.
Shares in Kopylovskoye acquired outside the stock exchange at a price that will correspond to the average volume-weighted price of Kopylovskoye share over the next 10 trading days from Tuesday 7 June 2011.
“We see great potential in Kopylovskoye licenses and look forward to those during autumn next JORC updates regarding licenses and Krasny Kavkaz. The decline in Kopylovskoye shares during the week has created for us a great opportunity to increase our ownership, which we now utilize.” Says Petter Elmstedt, Managing Commodity Quest, in a statement.