Oxus Gold PLC
21 December 2007
OXUS GOLD PLC
Extension of Option
LONDON: 21 December 2007 - Further to the announcement made on 10 December 2007,
Oxus Gold plc ('Oxus' or the 'Company') (OXS.L) announces that on 20 December
2007 it was notified by RAB Special Situations (Master) Fund Limited ('RAB')
that RAB has agreed to extend the option granted to Zeromax GmbH ('Zeromax') to
acquire up to 52,254,353 ordinary shares in the Company from RAB at a total
consideration of 80 pence per share. The option is exercisable at any time until
4 January 2008 and extendable until 31 January 2008.
Zeromax currently holds 57,000,000 ordinary shares, representing 15.60 per cent.
of the Company's current outstanding share capital. The option can be exercised
in whole or in part and should Zeromax exercise the option in full, Zeromax's
shareholding in the Company would increase to 109,254,353 shares, representing
29.90 per cent. of the Company's current outstanding share capital of
365,399,173 ordinary shares.
Oxus Gold plc
Richard Wilkins Tel: +44 (0)20 7907 2004
Canaccord Adams Limited
Mike Jones Tel: +44 (0) 7050 6500
Bankside Consultants Ltd.
Keith Irons Tel: +44 (0)20 7367 8873
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