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http://vesti-chita.r.....ws/186463/

During 2015 the company " Mangazeya Mining" produced 1054.4 kg of gold, exceeding the result of the previous year by 204.5%. Gold production in the IV quarter of last year amounted to 401 kg.  

As told " Vesti-Chita.Ru" the press service of the company, last year the gold division of the Group" Mangazeya" has extracted 1.1 million tons of gold ore ( + 117.6% compared to the same period last year). According to the Government of the Trans-Baikal Territory, " Mangazeya Mining" showed the best result among all the industrial gold mining companies in the region in terms of growth in gold production volume.

 In addition, in February 2016 " Mangazeya Mining Co., Ltd." Has reached an agreement with the controlling shareholder to convert all his debts into new shares of the company. The transaction is carried out with a significant premium ( more than 7 times higher) to the current market price per share, which will preserve the public status of the company and the treatment of its shares on the Toronto Stock Exchange.

 " Following the transaction, the company's shares start trading on the TSX Venture Exchange Canadian Stock Exchange (Tier 2), which will increase the liquidity of the securities, and will provide access to external sources of funding for further development of the company", - said the head Sergei Yanchukov company.