17 Nov 2010 11:27
Oxus Gold plc
Update on Financing Agreement
17 November 2010
As announced by Oxus Gold plc ("Oxus" or the "Company") on 9 June 2010, the financing agreement with the consortium of Chinese investors ("Consortium") was amended so that completion of the financing is conditional only upon receipt of the regulatory approvals from the Chinese Government and admission of the new ordinary shares to trading on AIM by 31 December 2010.
Further to the announcement dated 9 June 2010, the Company can confirm that it has been informed that the most critical of the approvals necessary to give effect to the financing has been granted by the relevant Chinese authority, while the other two largely administrative approvals are also being processed without any known issues.
The Directors of Oxus remain confident that the financing will be completed during December 2010.
For further information, please contact:
Oxus Gold plc Richard Shead, Executive Chairman Richard Wilkins, Finance Director
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Tel: +44 (0) 207 907 2000
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Fairfax I.S. PLC Ewan Leggat/Laura Littley
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Tel: +44 (0) 207 598 5368
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Conduit PR Ltd Ed Portman |
Tel: +44 (0) 207 429 6607 |