Seligdar and RusGeoResurs launch a joint project to develop the Shkolniy subsoil area in the Aldan district of the Sakha Republic. RusGeoResource will sell to Seligdar 51% in the authorized capital of the company, which is the owner of the license for prospecting and evaluation of subsoil on the site. "Seligdar" will conduct a full range of geological exploration, laboratory, research work, development of the feasibility study of exploration conditions with a calculation of reserves and the technical project of the field development. Financing of the project will be arranged on equal terms in proportion to the equity interests in the JV.