Completion of the transaction is expected in the second quarter of 2012.
Polyus Gold, through Romaltyn Limited, owns two companies in Romania, namely Romaltyn Mining S.R.L. and Romaltyn Exploration S.R.L.
The two Romanian companies hold rights to various mining assets in Romania including a gold treatment plant with a capacity of 2.5 million tons of ore and tailings annually (currently not in operation) and a number of exploration properties.