22 May 2008 08:40
EUROGOLD LIMITED
ACN 009 070 384
22 May 2008 ASX & AIM Symbol "EUG"
Settlement of Federal Court Proceedings
against Oxus Gold
The following announcement was made to the London Stock Exchange yesterday by Oxus Gold Plc. Once the shares have been issued to Eurogold the out of court settlement will be complete.
Peter Gunzburg
Chairman
For further information, please contact:
Peter Gunzburg - Managing Director - Ph: +61 8 9481 0572, Email: peter@eurogold.com.au.
RFC Corporate Finance Ltd acts as Eurogold's Nominated Adviser
Contact: Stuart Laing - Ph: +61 8 9480 2506, Email: stuartl@rfc.com.au.
"Oxus Gold PLC - Eurogold Settlement Completed
RNS Number : 9768U
Oxus Gold PLC
21 May 2008
OXUS GOLD PLC
Eurogold Settlement Completed
LONDON: 21 May 2008 - Oxus Gold plc ('Oxus' or the 'Company') (OXS.L)
announces that further to its announcement on 19 February 2008, it has
issued 2,722,074 new ordinary shares of the Company to Eurogold Limited
('Eurogold'). This issue of shares,which represents A$1,170,000 at the closing Oxus
share price of 19.75p on 31March 2008, completes the settlement agreed with Eurogold and its wholly
owned subsidiary Eurogold Holdings (Bermuda) Limited ('EHBL') in respect of
the proceedings commenced in 2006 by Eurogold and EHBL.
Application has been made for the new shares to be admitted to trading
on the AIM market of the London Stock Exchange and dealings are expected to
commence on 28 May 2008. The new shares will rank pari passu with existing
ordinary shares.
Following this issue of new shares the current outstanding share capital
of the Company will be 381,439,685 shares.
END
For further information:
OXUS GOLD PLC Tel: +44(0) 207 907 2000
Jonathan Kipps - Finance Director
Richard Wilkins - Chief Executive Officer
CANACCORD ADAMS LIMITED Tel: +44 (0) 207 050 6500
Mike Jones
BANKSIDE CONSULTANTS Tel: +44 (0) 207 367 888
Keith Irons/Oliver Winters"