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Important news for Koghar shareholders / 160% capital increase


According to Tejarat News, based on the announcement published on the Kedal website, the board of directors of Gohar Zamin Iron Ore Company, with the symbol of Koghar, proposed a 160% capital increase to the Extraordinary General Assembly.

The current capital of this company is 2500 billion Tomans, which with this 160% increase in the capital of Gohar Zamin Iron Ore Company, will reach four thousand billion Tomans.

The location of the capital increase is the current shareholders’ claims and cash inflows, and the subject of the capital increase is financing for the company’s development plans and the return of financial resources.

The increase of the mentioned capital is subject to the approval of the Exchange and Securities Organization and the approval of the Extraordinary General Assembly.

Gohar Zamin Iron Ore Company has realized a profit of 223 Tomans per share in the period of 6 months ending June 20, 2014. Which has increased by 306% compared to the same period of the previous year

“Gohar” with a registered capital of 2500 billion tomans during the 6 months of performance leading to 30 Azar 1400 has achieved a profit of 5580 billion tomans.

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