LONDON (Thomson Financial) - Oxus Gold Plc. said it has mandated The Royal
Bank of Scotland to arrange a limited recourse senior debt facility of about
$150 million to fund its Amantaytau Goldfields development.
The final amount of the debt facility will be determined by a bankable
feasibility study currently being updated by Wardell Armstrong International and
scheduled for completion by the end of May 2008, the company said.
Oxus said first drawdown on the debt facility by Amantaytau Goldfields is
currently expected to occur by November 2008 and first production from the
underground mine is currently forecast for the third quarter of 2009.
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