16th Mar 2015 15:30
LONDON (Alliance News) - Oxus Gold PLC Monday said it has issued 18.5 million new shares to RAB Capital Ltd, the discretionary manager for RAB Special Situations (Master) Fund Ltd, instead of interest payments due under convertible loan notes.
The new shares, which cover interest that accumulated between July 6, 2012 and January 5, 2015, were issued at 2.14 pence per share, the average closing mid-market share price of the company over the time span.
RAB Special Situations (Master) Fund has a feeder vehicle listed on the London Stock Exchange. The vehicle, known as Rab Special Situations Company Ltd, invests in RAB Special Situations (Master) Fund. RAB Capital is the investment manager of Rab Special Situations Company and the master fund.
Oxus Gold shares were down 10% at 3.40 pence on Monday afternoon, while Rab Special Situations shares were up 6.3% at 8.50 pence.
By Samuel Agini; [email protected]; @samuelagini
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