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. Last Updated: 07/27/2016

GV Gold Plans to List Shares in July

GV Gold, a Russian gold producer that delayed its initial public offering in February, will try to sell shares in London again and list by July.

"We still plan to conduct an IPO in the second quarter of this year, after last year's financials are published according to international standards in April," president Sergei Vasilyev said by phone from Bodaibo, east Siberia, where the miner's only asset is based.

GV Gold postponed a share sale set for mid-February, citing investor preference. Investors and analysts, including Aton Capital's Vladimir Katunin, said the offering was priced too high given a slump in emerging markets and the company's reliance on one deposit.

The company will offer less than 50 percent of its capital during the IPO, Vasilyev said. "The main shareholders would like to keep control of the company," which they value at $450 million to $500 million, he said.