Central Asia Metals Plc (AIM: CAML) entered into a preliminary agreement to acquire the remaining 40% stake in Kounrad Copper Company LLP for £5.6 million in stock on January 12, 2012. Central Asia Metals Plc will give 8.6 million shares as consideration. As on February 2, 2012, Central Asia Metals Plc entered into an agreement to acquire the remaining 40% stake in Kounrad Copper Company LLP on February 2, 2012. The time to conclude the deal is dependent upon completion of the documentation and receipt of a waiver from the Government of the Republic of Kazakhstan of its pre-emptive rights in relation to the transaction. The transaction is subject to regulatory approval. The completion of the deal will happen as quickly as the required statutory procedures permit, which is expected before the year end. Andrew Chubb and Rob Collins of Canaccord Genuity Limited, Peter Krens of Mirabaud Securities LLP acted as financial advisors and Lorna Spears of Pelham Bell Pottinger acted as PR advisor to Central Asia Metals Plc.

Central Asia Metals Plc (AIM: CAML) cancelled the acquisition of the remaining 40% stake in Kounrad Copper Company LLP on January 12, 2013.