Marakand Minerals Limited
20 December 2007
MARAKAND MINERALS LIMITED
For IMMEDIATE release - 20 December 2007
Offer from Oxus Gold plc
LONDON: 20 December 2007 - Marakand Minerals Limited ('Marakand' or the
'Company') (MKD.L) is pleased to report that Oxus Gold plc ('Oxus') has
completed the acquisition of the remaining ordinary shares of Marakand.
Prior to this Oxus owned 84.04% of the issued shares of Marakand and its
acquisition of the remaining shares on the basis of 0.135 new Oxus share for
each Marakand share will result in a total of 2,221,621 new ordinary Oxus shares
of 1p each ('New Shares') being issued to Marakand shareholders.
Oxus will issue New Shares directly to those Marakand shareholders who completed
and returned their acceptance form and transfer documents (or CREST transfer
instruction as the case may be) by 10 December 2007 as requested in the
acceptance notice sent to all Marakand shareholders.
Oxus will issue New Shares to Marakand on trust for those Marakand shareholders
who have not returned their acceptance forms and/or transfer documents (or CREST
transfer instructions as the case may be). These shareholders should contact
Capita Registrars, as registrars for Marakand, to establish what action they
need to take to claim their New Shares.
Application has been made for the New Shares to be admitted to trading on the
AIM Market of the London Stock Exchange plc and dealings in the New Shares are
expected to commence on 21 December 2007. The New Shares will rank pari passu
with existing ordinary shares.
Following the allotment of the New Shares, Marakand will be wholly-owned by Oxus
and Oxus's issued share capital will be 367,654,127 ordinary shares of 1p each.
Oxus Gold plc
Richard Wilkins Tel: +44 (0)20 7907 2000
Canaccord Adams Limited Tel: +44 (0)20 7050 6500
Erin Needra/Mike Jones
Bankside Consultants Ltd.
Keith Irons/Oliver Winters Tel: +44 (0)20 7367 8873
This information is provided by RNS
The company news service from the London Stock Exchange