Russia: Polymetal to get 3.5% in Chaarat after $10-million bond conversion
Polymetal Int, uniting the assets of the Russian precious metals producer Polymetal International, will receive a 3.5% stake in company Chaarat after converting $10-million of bonds received as payment for the Kapan gold mine in Armenia, the company said in a statement on July 30. “Exchange of convertibles into Chaarat stock, working capital settlement, and…