Centerra Provides Update on Kyrgyz Republic Legal Proceedings and Restrictive Measures Against Kumtor and Its Personnel - "Centerra Gold Inc. (CG.TO) ("Centerra" or the "Company") is providing an update on Kyrgyz Republic legal proceedings and restrictive measures imposed by Kyrgyz Republic courts and state authorities on Centerra's Kyrgyz Republic subsidiaries and senior management personnel. Such measures, together with other actions taken by Kyrgyz Republic courts and state authorities previously reported on by the Company, are clear breaches of the agreements governing the Kumtor Project and, in aggregate, threaten to deprive Centerra of its fundamental rights to exercise effective management control over, and enjoy the economic benefits of ownership of, the Kumtor Project. As previously announced, Centerra has initiated international arbitration proceedings to challenge the Kyrgyz Republic's claims and actions. The Company is also evaluating the full range of additional options for responding to the actions of Kyrgyz Republic courts and state authorities." More
- 06/06/16 | Item |


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