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9 Feb 2009 14:19
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Oxus GoldΒ PLC
("OxusΒ Gold" or the "Company")
Share Option Plan
London:Β 9Β February 2009 -Β OxusΒ Gold (OXS.L)Β announces thatΒ Mr Richard Shead, theΒ Executive Chairman of Oxus,Β hasΒ todayΒ been grantedΒ an option overΒ 1,209,100Β ordinary shares in theΒ Company at an exercise price ofΒ 15pΒ per shareΒ and Mr James McBurney, Non-executive Director of Oxus, has today been granted an option overΒ Β 200,000Β ordinary shares in the CompanyΒ atΒ an exercise price ofΒ 15pΒ per share.
33%Β of the above options will vestΒ onΒ the firstΒ gold pourΒ from the Company's Asaukak heap leach project and the remainingΒ 67%Β will vestΒ onΒ theΒ first gold production from the underground sulphide mine at Amantaytau. The share options will be exercisable from the date of vesting for a period ofΒ Β 5Β years.Β
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Oxus GoldΒ PLC Richard Wilkins (CEO) |
Tel: +44 (0)207 907 2000 |
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Fairfax I.S.Β PLC Nominated Adviser / Joint Broker Ewan Leggat |
Tel: +44 (0)207Β 598 5368 |
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Fox Davies Capital Limited Joint Broker Jason BahnsenΒ |
Tel: +44 (0)207 936 5200 |
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Conduit PR Ltd Fiona Hyland/Β Ed Portman |
Tel: +44 (0) 207 429 6606 |
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