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Centerra Gold Brings Additional Claims in Arbitration Against the Kyrgyz Republic and Names ...

Centerra Gold Announces Additional Pre-Emptive Actions in Response to the Seizure of the Kumtor Mine by the Kyrgyz Republic

Provided by GlobeNewswire Jun 1, 2021 3:40 AM UTC Subsidiaries Kumtor Gold Company and Kumtor Operating Company Seek Worldwide Automatic Stay Protection via U.S. Chapter 11 Process; Filing Has No Additional Financial or Operational Impact on Centerra Gold or the Other Areas of its Business Company Announces Strategic Review Related to Kumtor Gold Company and Kumtor Operating Company of Alternative Avenues to Maximize Value to Stakeholders TORONTO, May 31, 2021 (GLOBE NEWSWIRE) Centerra Gold Inc. (“Centerra” or the “Company”) (TSX: CG) (NYSE: CGAU) today announced additional actions to protect the interests of Centerra and its stakeholders in response to the unjustified seizure of the Kumtor Mine by the Government of the Kyrgyz Republic. The actions are designed to preserve the value of Centerra’s wholly owned subsidiaries that own and operate the Kumtor Mine, Kumtor Gold Company (“KGC”) and Kumtor Operating Company (“KOC”), and prevent an

Centerra Gold Announces Proceedings Against Former Board Director Tengiz Bolturuk

Press Release - MINING.COM

Centerra Gold Initiates Arbitration Proceeding Against the Kyrgyz Republic

Press release content from Globe Newswire. The AP news staff was not involved in its creation. Centerra Gold Initiates Arbitration Proceeding Against the Kyrgyz Republic Centerra Gold Inc.May 16, 2021 GMT TORONTO, May 16, 2021 (GLOBE NEWSWIRE) Centerra Gold Inc. (“Centerra”) (TSX: CG) (NYSE: CGAU) announced today that it has initiated binding arbitration against the Government of the Kyrgyz Republic to enforce its rights under longstanding investment agreements with the Government. Centerra seeks to enjoin the Government from taking further steps to implement recently adopted legislation or to pursue recently procured fines and tax claims against the Kumtor Gold Company (“KGC”), all of which violate the Government’s investment agreements with respect to the Kumtor Mine. Centerra also intends to hold the Government accountable in the arbitration for any and all losses and damage that result from its recent actions against KGC and the Kumtor Mine if no resolution is reac