OREANDA-NEWS. January 8, 2010. KazakhGold Group Limited ("KazakhGold") announces that its planned placing of new ordinary shares of KazakhGold and global depositary receipts representing those shares had been postponed in order to allow more time for KazakhGold to investigate further certain Kazakh regulatory issues in connection with the placing. As stated in the Partial Offer Document issued in connection with the acquisition by Jenington International Inc. ("Jenington"), an indirect wholly-owned subsidiary of OJSC Polyus Gold, of 50.1 per cent of the ordinary share capital of KazakhGold, KazakhGold expects to raise approximately USD 100 million by way of the placing. In connection with the Partial Offer, Jenington, KazakhGold’s direct controlling shareholder, agreed, as part of the transaction, to underwrite the placing. KazakhGold currently expects that it will be able to complete the placing in the first quarter of 2010.