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Suspension of trading on AIM

29 Jun 2011 15:00

RNS Number : 3777J
Oxus Gold PLC
29 June 2011
 



Oxus Gold plc

 

29 June 2011

 

Suspension of trading on AIM

 

As announced on 7 June 2011 Oxus Gold plc ("Oxus" or "the Company") has experienced difficulties in finalising its results for the year ended 31 December 2010. These difficulties have arisen as a result of the inability to access the relevant information relating to the Company's 50% owned joint venture Amantayau Goldfields ("AGF").

 

Oxus will publish the annual report and accounts for the year ended 31 December 2010 as soon as practicable.

 

As Oxus will be unable to publish its annual report and accounts for the year ended 31 December 2010 within six months of its financial year end, as required under the AIM Rules for Companies, trading in the ordinary shares of Oxus would be automatically suspended with effect from 1 July 2011. To enable the Board to address questions from shareholders which are likely to arise at the Annual General Meeting of the Company to be held at 11.00 a.m. on 30 June 2011, the Company requested that trading in the ordinary shares of Oxus be suspended with effect from 3.00 p.m. on 29 June 2011.

 

Trading in the ordinary shares of the Company will be restored when the Company is in a position to publish the annual report and accounts for the year ended 31 December 2010.

 

The Board believes, despite the current circumstances, that the Company has sufficient cash resources to continue meeting corporate costs, including those associated with any potential arbitration proceedings relating to AGF, for the foreseeable future.

 

Notwithstanding the suspension of trading in the ordinary shares of Oxus, the Company will continue to make announcements as and when there are any developments that require announcement under the AIM Rules for Companies.

 

For further information, please contact:

 

Oxus Gold Plc

Tel: +44 (0) 207 907 2000

Richard Shead

 

Fairfax I.S. PLC

Tel: +44 (0) 207 598 5368

Ewan Leggat / Laura Littley

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCUKSORAWANUAR
Date   Source Headline
2nd Apr 200812:03 pmRNSExercise of Warrants
2nd Apr 20087:00 amRNSSettlement with Oxus Gold
27th Mar 20087:01 amRNSInterim Results
3rd Mar 20087:01 amRNSDirectorate Change
26th Feb 20087:00 amRNSHolding(s) in Company
21st Feb 20087:00 amRNSHolding(s) in Company
19th Feb 20087:01 amRNSEurogold Settlement
19th Feb 20087:00 amRNSSettlement with Oxus Gold Plc
15th Feb 200811:40 amRNSHolding(s) in Company
1st Feb 200811:10 amRNSExtension of Option
22nd Jan 20087:00 amRNSCancellation of Admission
21st Jan 20081:57 pmRNSHolding(s) in Company
7th Jan 20084:49 pmRNSIssue of Equity
4th Jan 20082:50 pmRNSExtension of Option
2nd Jan 20082:27 pmRNSAnnual Report and Accounts
31st Dec 200712:35 pmRNSPrice Monitoring Extension
31st Dec 200711:52 amRNSPartial Exercise of Option
21st Dec 20072:30 pmRNSExtension of Option
21st Dec 200710:50 amRNSDirectorate Change
20th Dec 200712:00 pmRNSOffer from Oxus Gold plc
20th Dec 200712:00 pmRNSOffer Update
11th Dec 20072:13 pmRNSIssue of Equity
10th Dec 20077:01 amRNSOption to acquire shares
7th Dec 20072:48 pmRNSResult of AGM
6th Dec 20071:45 pmRNSAGF Project Approval
26th Nov 20073:06 pmRNSHolding(s) in Company
22nd Nov 20071:52 pmRNSHolding(s) in Company
21st Nov 20074:40 pmRNSSecond Price Monitoring Extn
21st Nov 20074:35 pmRNSPrice Monitoring Extension
15th Nov 200710:11 amRNSEPT Disclosure
14th Nov 200711:28 amRNSEPT Disclosure
13th Nov 200711:42 amRNSEPT Disclosure
12th Nov 200711:08 amRNSEPT Disclosure
9th Nov 200710:09 amRNSEPT Disclosure
8th Nov 200710:17 amRNSEPT Disclosure
7th Nov 200711:44 amRNSEPT Disclosure
7th Nov 200711:32 amRNSEPT Disclosure
6th Nov 20073:11 pmRNSRule 8.1- Oxus Gold Plc
6th Nov 200710:40 amRNSEPT Disclosure
5th Nov 200711:28 amRNSEPT Disclosure
2nd Nov 200710:18 amRNSEPT Disclosure
1st Nov 20072:14 pmRNSRule 8.3- (OXUS GOLD plc)
1st Nov 200712:17 pmRNSHolding(s) in Company
31st Oct 20073:44 pmRNSRule 8.1- Oxus Gold Plc
31st Oct 20073:02 pmRNSRule 8.3- Oxus Gold plc
31st Oct 20072:18 pmRNSHolding(s) in Company
31st Oct 200710:00 amRNSEPT Disclosure
30th Oct 200710:19 amRNSEPT Disclosure
29th Oct 200711:56 amRNSEPT Disclosure
26th Oct 20074:56 pmRNSRule 8.1- Oxus Gold Plc

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