Mandate Vinge advises Varyag Resources

May 11, 2009

Vinge has advised Varyag Resources AB (publ) listed on First North in connection with a restructuring of Varyag Resources which entails a change of strategy and structure from a private equity to a forestry company.

The reconstruction entails an acquisition of 50 per cent of the shares in RusForest Ltd and of receivables against RusForest amounting to approximately MRUB 800 from a wholly-owned subsidiary of Vostok Nafta Investment Ltd. Payment will be made in the form of newly-issued shares in Varyag Resources to an estimated value at the time of contracting of approximately SEK 156 million.

Vinge’s team primarily consisted of partners Göran Nyström and Malin Leffler together with, among others, associates Jonas Johansson and Andreas Wirén.

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