Directorate Change


 

TIDMTSG 
 
RNS Number : 9316A 
Trans-Siberian Gold PLC 
19 October 2009 
 
 
 
 
 
Trans-Siberian Gold plc 
 
 
First drawdown of US$25 million Asacha loan facility 
 
 
Appointment of new Chief Executive Officer 
 
 
 
 
London: 19 October 2009 - Trans-Siberian Gold plc ("TSG" or "the Company") 
(TSG.L) reported on 30 September 2009 that an agreement had been signed with a 
Russian bank for a three year US$25 million loan facility for the Asacha project 
in Kamchatka, Far East Russia. TSG is pleased to report that the loan's 
outstanding conditions, including finalisation of security, have now been 
satisfied and that first drawdown of the facility has taken place. 
 
 
The Company also reports that Oleg Bagirov, who has been TSG's Chief Executive 
Officer since September 2006 is stepping down from that position but will remain 
on the TSG board as a non-executive director. The Company is pleased to announce 
that Dmitry Khilov, currently TSG's Deputy Chief Executive Officer, has been 
appointed as Mr Bagirov's successor. 
 
 
Mr Khilov, aged 51, was previously the Managing Director of the Private Equity 
Division of UFG Asset Management (a 51.6% shareholder in TSG) and became a 
non-executive director of the Company in July 2007. 
 
 
 
Ends 
 
 
Contacts: 
 
 
TSG 
Simon Olsen +44 (0) 1480 811871 
 
 
Seymour Pierce 
John Depasquale             +44 (0) 207 107 8000 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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