Fogel & Partners acted as advisor to Kopy Goldfields

Fogel & Partners acted as advisor to Kopy Goldfields, a Swedish gold exploration company, in connection with its reverse takeover of Amur Zoloto, a Russian gold producing company, in which Kopy Goldfields acquired 100 percent of the shares of Amur Zoloto. The implied subscription price of SEK 1.46 per share implies a transaction premium of 54 percent of Kopy Goldfields’ share at Nasdaq First North. The number of new shares to be issued is based on a negotiated Equity Value of Amur Zoloto of SEK 1.1 billion (US$119.6 million).