OREANDA-NEWS. On 08 August 2008 was Acron announced that 100,000 common shares of Silvinit held by Acron have been released from the custody of Sberbank.

In May 2008, Sberbank of Russia extended a RUR 13,441 million non-revolving credit facility to Acron for a period of 7 years, with a 100,000 shares of Silvinit deposited as collateral. The purpose of the facility was to extend financing to Verkhnekamskaya Potash Company, Acron’s subsidiary, to cover payments and charges associated with the subsoil license for the exploration and development of the Talitsky lot of the Verkhekamsky potash deposit (Perm region). To secure the facility, Acron pledged 634,000 shares of Silvinit, which represents 8.1 per cent of Silvinit’s common stock.