Further to statements in the Kyrgyz media regarding the potential negotiated transfer of the
- Centerra receiving the approximately 26.1% in Centerra common shares held by
Kyrgyzaltyn JSC (an instrumentality of theKyrgyz Republic ). Upon receipt, Centerra would cancel the shares surrendered byKyrgyzaltyn JSC . - The
Kyrgyz Republic receiving, and assuming all responsibility for, the Company’s two Kyrgyz subsidiaries and theKumtor Mine . - Payment by Centerra of a cash amount equal to the net amount of the three dividends paid by Centerra in 2021 that
Kyrgyzaltyn JSC did not receive as a result of the seizure of the mine and certain other financial consideration associated with the settlement of inter-company balances between Centerra and its two Kyrgyz subsidiaries. - The resignation from Centerra’s Board of Directors of Kyrgyzaltyn JSC’s two nominees.
- Full and final releases of all claims of the parties and termination of all legal proceedings involving the parties in all jurisdictions with no admissions of liability.
Negotiations with representatives of the
Cautionary Note Regarding Forward-Looking Information
Information contained in this document which are not statements of historical facts may be “forward-looking information” for the purposes of Canadian securities laws and within the meaning of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information involves risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward looking information. The words “believe”, “expect”, “anticipate”, “contemplate”, “plan”, “potential”, “intends”, “continue”, “budget”, “estimate”, “may”, “will”, “schedule”, “understand” and similar expressions identify forward-looking information. These forward-looking statements relate to, among other things: any negotiations or resolution between Centerra and the
Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable by Centerra, are inherently subject to significant political, business, technical, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking information. Factors and assumptions that could cause actual results or events to differ materially from current expectations include, among other things: uncertainty around the likelihood of a resolution resulting from recent negotiations with representatives of the
There can be no assurances that forward-looking information and statements will prove to be accurate, as many factors and future events, both known and unknown could cause actual results, performance or achievements to vary or differ materially from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements contained herein or incorporated by reference. Accordingly, all such factors should be considered carefully when making decisions with respect to Centerra, and prospective investors should not place undue reliance on forward looking information. Forward-looking information is as of
About
For more information:
Treasurer and Director, Investor Relations
(416) 204-1694
toby.caron@centerragold.com
Additional information on Centerra is available on the Company’s web site at www.centerragold.com and at SEDAR at www.sedar.com and EDGAR at www.sec.gov/edgar.
A PDF accompanying this announcement is available at http://ml.globenewswire.com/Resource/Download/e0706f0b-5e13-4bad-a9ed-f85783e8b95c
![](https://ml.globenewswire.com/media/ZWNiNmRiZmEtM2MwNS00M2FkLWFkZmYtYjc2NDBjYTRjOGU1LTEwMTY0NTI=/tiny/Centerra-Gold-Inc-.png)
2022 GlobeNewswire, Inc., source