RNS Number : 9768U
Oxus Gold PLC
21 May 2008
OXUS GOLD PLC
Eurogold Settlement Completed
LONDON: 21 May 2008 - Oxus Gold plc ("Oxus" or the "Company") (OXS.L) announces that
further to its announcement on 19 February 2008, it
has issued 2,722,074 new ordinary shares of the Company to Eurogold Limited ("Eurogold"). This
issue of shares, which represents A$1,170,000
at the closing Oxus share price of 19.75p on 31 March 2008, completes the settlement agreed
with Eurogold and its wholly owned subsidiary
Eurogold Holdings (Bermuda) Limited ("EHBL") in respect of the proceedings commenced in 2006
by Eurogold and EHBL.
Application has been made for the new shares to be admitted to trading on the AIM market
of the London Stock Exchange and dealings are
expected to commence on 28 May 2008. The new shares will rank pari passu with existing
ordinary shares.
Following this issue of new shares the current outstanding share capital of the Company
will be 381,439,685 shares.
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For further information:
OXUS GOLD PLC Tel: +44 (0) 207 907 2000
Jonathan Kipps - Finance Director
Richard Wilkins - Chief Executive Officer
CANACCORD ADAMS LIMITED Tel: +44 (0) 207 050 6500
Mike Jones
BANKSIDE CONSULTANTS Tel: +44 (0) 207 367 8888
Keith Irons/Oliver Winters
This information is provided by RNS
The company news service from the London Stock Exchange
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