15th Mar 2013 14:41
OXUS GOLD PLC
("Oxus Gold" or the "Company")
Romanian Legal Settlement
The Board of Oxus Gold is pleased to announce that it has settled a dispute relating to the two drill rigs in Romania owned by a subsidiary of the Company. The Company has been paid €228,000 of cash compensation in full and final settlement of its dispute.
Richard Shead commented: "I am happy to report that the Company has reached an amicable settlement relating to its claim in respect of the two drill rigs which goes back a number of years. The cash will be a welcome addition to the Company's corporate treasury during its ongoing arbitration battle with the Uzbekistan Government."
For further information on Oxus Gold PLC visit www.oxusgold.co.uk or contact the following:
Oxus Gold PLC | Tel: +44 (0) 20 7907 2000 | |
Richard Shead | ||
S P Angel Corporate Finance LLP | Tel: +44 (0) 20 3463 2260 | |
Nominated Adviser and Broker Ewan Leggat / Laura Littley | ||
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