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OAO Severstal completes C$650 million acquisition of Crew Gold Corporation

Date Closed

January 10, 2011

Lead Office

Vancouver

Value

650.00 Million CAD

On January 10, 2011, Nord Gold N.V., a subsidiary of OAO Severstal acquired, through a subsidiary all common shares of Crew Gold Corporation, that it did not already own.

McCarthy Tétrault LLP Crew Gold Corporation, with a team led by Cameron Belsher.

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