KAZAKHSTAN - Alhambra cuts price on equity financing

Alhambra Resources has been given permission by the Kazakhstan Ministry of Industry and New Technology (MINT) to reduce the floor price for a potential future equity financing. The government approval means the floor price of US$0.60 per common share can drop to US$0.20 per common share, and is now extended until June 25.

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KAZAKHSTAN - Cameco confident of positive 2013

Global uranium producer Cameco says it is anticipating a positive 2013, with a forecast total of 23.3 million pounds of uranium to be produced at its properties and half of that production already under contract for purchase.

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KAZAKHSTAN - Turquoise Hill sells stake in Altynalmas

Turquoise Hill’s 50% stake in private company Altynalmas Gold has been sold for US$300 million to Sumeru Gold BV. The sale is subject to customary closing conditions as well as regulatory approvals from Kazakhstan’s relevant authorities, but is due to be finalized by June.  1

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