4th Jan 2008 14:50
Oxus Gold PLC04 January 2008 OXUS GOLD PLC Extension of Option LONDON: 4 January 2008 - Further to the announcement made on 31 December 2007,Oxus Gold plc ("Oxus" or the "Company") (OXS.L) announces that on 4 January 2008it was notified by RAB Special Situations (Master) Fund Limited ("RAB") that RABhad agreed to extend the option granted to Zeromax GmbH ("Zeromax") to acquireup to 52,254,353 ordinary shares in the Company from RAB at a totalconsideration of 80 pence per share. The option is exercisable in whole or inpart at any time until 31 January 2008. As previously announced, on 31 December 2007 Zeromax purchased 5,503,646ordinary shares at 80 pence per share from RAB pursuant to the option. Zeromaxcurrently holds 62,503,646 ordinary shares in the Company, representing 17.00per cent of the current outstanding share capital. Should Zeromax exercise thebalance of the option in full, Zeromax's shareholding in the Company wouldincrease to 109,254,353 shares, representing 29.72% per cent of the Company'scurrent outstanding share capital of 367,654,127 ordinary shares of 1p each. END Contacts: Oxus Gold plcRichard Wilkins Tel: +44 (0)20 7907 2000 Canaccord Adams LimitedMike JonesErin Needra Tel: +44 (0)20 7050 6500 Bankside Consultants LimitedKeith Irons Tel: +44 (0)20 7367 8873Oliver Winters This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Oxus Gold Plc