Centerra Gold Provides Update on Strategic AgreementCenterra Gold Provides Update on Strategic Agreement with the Kyrgyz Republic
TORONTO, June 20, 2018 (GLOBE NEWSWIRE) -- Centerra Gold Inc. (CG.TO) (“Centerra”) announced today that it has agreed with the Government of the Kyrgyz Republic to further extend the First Longstop Date under the Strategic Agreement for Environmental Protection and Investment Promotion (“Strategic Agreement”) previously entered into with the Government of the Kyrgyz Republic on September 11, 2017. The First Longstop Date is the date by which all conditions precedent to the completion of the Strategic Agreement are required to be satisfied and it has been further extended by agreement of all the parties from June 22, 2018 to July 23, 2018.
The Company continues to work with the Government of the Kyrgyz Republic to ensure the satisfaction of the remaining conditions precedent to completion of the Strategic Agreement, including the termination of certain legal proceedings and receipt of finalized land use certificates.