Markray Corp Reacts to Increase in Price of Gold

MOSCOW, Sept. 7, 2011 /PRNewswire/ -- Markray Corp (RVBR.PK) announces that it will increase its gold production to benefit from the constant rise in the price of gold. ''We predicted that the price will exceed $2000 an ounce before the end of the year and now it has bounced back to exceed $1900,'' says Aleksandr Kovalenko, vice - president.

The Company has been negotiating to purchase additional equipment to increase its production and this will permit it to take advantage of the strongest gold market in history. The additional equipment will be used in all stages of production.

Contact: Andrey Smirnov [email protected]

SOURCE Markray Corp

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