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Conversion of CLNs and Issue of Equity

21st Oct 2015 10:50

RNS Number : 9527C
Oxus Gold PLC
21 October 2015
 

21 October 2015

 

Oxus Gold plc

 

Conversion of CLNs and Issue of Equity

 

Oxus Gold plc ("Oxus" or the "Company") is pleased to announce that Darwin Strategic Limited ("Darwin") has given notice to convert zero coupon unsecured convertible loan notes in the Company ("CLNs") with a value of £100,000 into ordinary shares of 1p each in the Company ("Ordinary Shares"). Following this conversion, Darwin does not currently hold any CLNs, although further CLNs may be issued to Darwin pursuant to an agreement entered into between Oxus and Darwin on 6 October 2015.

 

3,713,330 new Ordinary Shares have today been issued to Darwin pursuant to the conversion of CLNs at a price of 0.02693 pence per share.

 

Application has been made for a total of 3,713,330 new Ordinary Shares to be admitted to trading on the AIM Market of the London Stock Exchange. The new Ordinary Shares will rank pari passu with existing Ordinary Shares and dealings are expected to commence in the new Ordinary Shares on 26 October 2015.

 

Following the issue of ordinary shares as set out above, the Company's issued share capital now consists of 707,575,019 Ordinary Shares, none of which are held in treasury. Therefore, the total number of voting rights in the Company is 707,575,019.

For further information, please contact:

 

Oxus Gold PLC

Richard Shead

 

Tel: +44 (0) 20 7907 2000

SP Angel Corporate Finance LLP

Ewan Leggat/Stuart Gledhill

 

Tel: +44 (0) 20 3470 0470

 

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