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AGF Project Finance

8 May 2008 12:45

Oxus Gold PLC08 May 2008 OXUS GOLD PLC Mandate Letter to Finance AGF Underground Mine Signed LONDON: 8 May 2008 - Oxus Gold plc ("Oxus" or the "Company") (OXS.L) is pleasedto announce that it has mandated The Royal Bank of Scotland ("RBS") to arrange alimited recourse senior debt facility of approximately $150 million (the"Facility") on behalf of Amantaytau Goldfields ("AGF"). The Facility will beused to enable AGF to develop its Phase 2 underground sulphides project. The final amount of the Facility will be determined by a bankable feasibilitystudy currently being updated by Wardell Armstrong International and scheduledfor completion by the end of May 2008. First drawdown on the Facility by AGF issubject to the standard conditions precedent and is currently expected to occurby November 2008, and first production from the underground mine is currentlyforecast for Q3 2009. Richard Wilkins, CEO of Oxus, commented: "I am delighted that we have been ableto attract a bank of RBS's international standing to arrange this projectfinancing on behalf of AGF. The underground sulphides project will transformOxus in terms of attributable gold production and related profitability. RBSwill also be able to draw on its considerable experience within Uzbekistanarising from the recent acquisition of ABN AMRO and its local representation inUzbekistan, which is a joint venture between ABN AMRO, the European Bank forReconstruction and Development, the International Finance Corporation, and theNational Bank for Foreign Economic Activity of the Republic of Uzbekistan. As Ihave stated previously, the underground sulphides project is the reason why Oxusinvested in AGF in the first place, and we look forward to proceeding with itsdevelopment without delay." OXUS GOLD PLC Tel: +44 (0) 207 907 2000 Jonathan Kipps - Finance DirectorRichard Wilkins - Chief Executive Officer CANACCORD ADAMS LIMITED Tel: +44 (0) 207 050 6500 Mike JonesRobin Birchall BANKSIDE CONSULTANTS Tel: +44 (0) 207 367 8888 Keith IronsOliver Winters This information is provided by RNS The company news service from the London Stock Exchange
Date   Source Headline
20th May 20095:03 pmRNSAnnual Financial Report
20th May 20099:39 amRNSAmantaytau Update
18th May 20097:00 amRNSFinal Results
3rd Apr 20095:50 pmRNSIssue of Shares and Director Shareholding
31st Mar 20094:42 pmRNSSecond Price Monitoring Extn
31st Mar 20094:37 pmRNSPrice Monitoring Extension
25th Feb 200911:48 amRNSChange of Registered Office
9th Feb 20092:19 pmRNSDirectors Share Options
6th Feb 20092:16 pmRNSGrant of Warrants
5th Feb 20095:00 pmRNSDirector/PDMR Shareholding
5th Feb 20094:22 pmRNSAppointment of Joint Broker
3rd Feb 20093:46 pmRNSDirectorate Change
23rd Jan 20093:17 pmRNSHolding(s) in Company
23rd Jan 20097:00 amRNSCorporate Update
8th Dec 20087:30 amRNSResults of AGM/ Remuneration Policy
8th Dec 20087:00 amRNSChange of Adviser
27th Nov 20085:58 pmRNSDirector/PDMR Shareholding
7th Nov 20084:44 pmRNSSecond Price Monitoring Extn
7th Nov 20084:40 pmRNSPrice Monitoring Extension
6th Nov 20087:00 amRNSNotice of AGM: Board Changes
6th Nov 20087:00 amRNSBFS - Increases in Gold Reserves
27th Oct 20083:13 pmRNSHolding(s) in Company
13th Oct 20087:00 amRNSDirector/PDMR Shareholding
1st Oct 20081:14 pmRNSHolding(s) in Company
24th Sep 20081:09 pmRNSInterim Results
22nd Sep 20087:00 amRNSAppointment of Joint Broker
11th Sep 20084:41 pmRNSSecond Price Monitoring Extn
11th Sep 20084:35 pmRNSPrice Monitoring Extension
16th Jul 20087:00 amRNSDirector/PDMR Shareholding
24th Jun 20084:42 pmRNSSecond Price Monitoring Extn
24th Jun 20084:36 pmRNSPrice Monitoring Extension
23rd Jun 20087:00 amRNSAmantaytau Update
16th Jun 20084:40 pmRNSSecond Price Monitoring Extn
16th Jun 20084:36 pmRNSPrice Monitoring Extension
13th Jun 20084:40 pmRNSSecond Price Monitoring Extn
13th Jun 20084:35 pmRNSPrice Monitoring Extension
13th Jun 20087:00 amRNSDirectorate Change
3rd Jun 20084:41 pmRNSSecond Price Monitoring Extn
3rd Jun 20084:36 pmRNSPrice Monitoring Extension
22nd May 20088:40 amRNSSettlement with Oxus Gold Plc
21st May 200812:49 pmRNSEurogold Settlement Completed
20th May 200812:10 pmRNSShare Option Plan
19th May 20083:56 pmRNSDirector/PDMR Shareholding
16th May 200812:37 pmRNSSettlement of Arbitration
14th May 200811:49 amRNSIssue of Convertible Loan Not
9th May 20088:29 amRNSSettlement with Oxus Gold Plc
8th May 200812:45 pmRNSAGF Project Finance
6th May 20087:02 amRNSRe: Arbitration
29th Apr 20082:04 pmRNSRe: Convertible Loan Notes
2nd Apr 20084:53 pmRNSWarrants - Amendment

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