Trans-Siberian Gold

Trans-Siberian Gold plc's business was established in 2000 with the objective of acquiring and developing a portfolio of quality gold mining projects in Russia. During the first three years of its establishment, the Company raised approximately US$17.6 million in equity from institutional and other investors to fund the acquisition of its existing projects and associated work programmes, and a further US$27 million was raised in November 2003 in conjunction with its floatation on the AiM. The Company's strategy has been to acquire Russian mining assets on terms which benefited from the market discount then available and to develop them using the best of Russian and International expertise.

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