Centerra Gold Inc. (Centerra) has entered an agreement with the Government of the Kyrgyz Republic to further extend the first longstop date under the Strategic Agreement for Environmental Protection and Investment Promotion previously entered into with the Government on 11 September 2017.
According to Centerra, the first longstop date is the date by which all conditions precedent to the completion of the Strategic Agreement are required to be satisfied and it has been further extended by agreement of all the parties from 22 June 2018 to 23 July 2018.
The company is to continue to work with the Government of the Kyrgyz Republic to ensure the satisfaction of the remaining conditions precedent to completion of the Strategic Agreement, including the termination of certain legal proceedings and receipt of finalised land use certificates.
Read the article online at: https://www.globalminingreview.com/finance-business/25062018/centerra-gold-and-kyrgyz-republic-agree-to-further-extend-first-longstop-date/
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