EUG Eurogold

    RNS Number : 0501V
  Eurogold Limited
  22 May 2008
   


    EUROGOLD LIMITED
    ACN 009 070 384

    22 May 2008    ASX & AIM Symbol "EUG"

    Settlement of Federal Court Proceedings
    against Oxus Gold

    The following announcement was made to the London Stock Exchange yesterday by Oxus Gold Plc. Once the shares have been issued to
Eurogold the out of court settlement will be complete.

    Peter Gunzburg
    Chairman

    For further information, please contact:

    Peter Gunzburg - Managing Director - Ph: +61 8 9481 0572, Email: peter@eurogold.com.au.
    RFC Corporate Finance Ltd acts as Eurogold's Nominated Adviser
    Contact: Stuart Laing - Ph: +61 8 9480 2506, Email: stuartl@rfc.com.au.

    "Oxus Gold PLC - Eurogold Settlement Completed

    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 31March 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.
      END

      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) 207 367 888
      Keith Irons/Oliver Winters"

This information is provided by RNS
The company news service from the London Stock Exchange
 
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