OREANDA-NEWS. May 14, 2007.  KazakhGold Group Ltd said it has completed the transaction with Oxus Gold PLC to buy Norox Mining Co Ltd, issuing 3.54 mln of its shares to Oxus valued at about 75 mln usd.

KazakhGold said the transaction also included 50 pct of Romaltyn Ltd, the right to an option relating to the Karakilise copper deposit licence in Turkey from its Oxus Resources Corp subsidiary.

However KazakhGold has not acquired the 25 pct interest in Hatay Madencilik SA.

Separately, Oxus Gold said it has begun the process of converting these non-trading KazakhGold shares into tradeable global depository receipts, which trade on the London Stock Exchange, with one GDR representing one share.

It reiterated that it plans to distribute all or a large portion of the KazakhGold GDRs by way of a dividend.