Poltava Iron Ore to increase charter fund by 26.3%

24 September 2008

At their EGM on September 23, Poltava Iron Ore (PGOK: HOLD) shareholders voted to increase its charter fund by 26.3% to USD 392.2 mln via an additional share issue, the company announced yesterday. Poltava Iron Ore will issue 50.25 mln shares at par, USD 2.1 per share. Subscription is scheduled for October 27-November 13.

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