28th Jan 2015 08:12
LONDON (Alliance News) - Oxus Gold PLC saw its shares rise early Wednesday after it raised GBP130,000 through a share subscription by Darwin Strategic Ltd and said both parties had agreed to terminate an equity funding agreement they had.
In a statement, Oxus Gold said it has issued Darwin with nearly 5.9 million shares at 2.39 pence a share under the terms of the equity financing facility agreement, which the parties have now agreed to terminate.
"We would like to thank Darwin Strategic Limited for their support during this difficult period in the company's history and we look forward to working with them again in the future," Oxus Gold Chairman Richard Shead said in a statement.
Oxus Gold shares were up 3.2% at 2.45 pence early Wednesday.
By Steve McGrath; [email protected]; @stevemcgrath1
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