Russian Severstal Aquired Canadian High River Gold

One of the largest steel companies of Russia Severstal has increased its share in the Canadian High River Gold to 68.88 per cent. 

Severstal, controlled by its General Director Alexei Mordashov, has acquired 18.76 per cent stake in Canadian company from Troika Dialog, said High River.

"The deal was made at a price close to market", - said the representative of the resource unit of Severstal on Friday.
Based on the current capitalization of High River 18,76 per cent of its shares are worth about $ 114 million.

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