OREANDA-NEWS. November 03, 2009. The Regional Department of the Federal Financial Markets Service of Russia in the East-Siberia Region registered a resolution on the additional issue of GV Gold (Vysochaishy, OJSC) shares in the quantity of 7 910 000 pieces (15.19% of the existing charter capital) having the face value of 0.002 rubles each.

In compliance with the acting legislation of Russia the placement of shares should take place within one year after the additional issue registration.

The Company plans to spend proceeds from the placement on financing of the subsidiary companies development program.