28th Aug 2014 09:33
LONDON (Alliance News) - Oxus Gold PLC Thursday said it has raised about GBP70,000 net of fees and costs after Darwin Strategic Ltd subscribed for new shares, and it has also extended its equity funding agreement with Darwin by a further six months on the same terms as its previous agreement.
In a statement, Oxus said Darwin subscribed for nearly 3.8 million new shares under the existing equity funding agreement at a gross price per share of 2.00 pence.
It added that the equity funding agreement has also been extended for a further six months from September 1 on the same terms as the previous agreement. This means it now has up to a further GBP1.2 million available to draw down to help fund working capital needs.
Oxus Gold shares were down 0.3% at 1.88 pence Thursday morning.
Oxus previously raised GBP150,000 from the Darwin subscription agreement in May, and then another GBP67,500 in July.
By Steve McGrath; [email protected]; @SteveMcGrath1
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