TSG.L Regulatory News (TSG)

18 Apr 2005 07:00

Trans-Siberian Gold PLC17 April 2005 news release For immediate release: 18 April 2005 Trans-Siberian Gold plc Two week extension to AngloGold Ashanti subscription agreement LONDON: 18 April 2005 - On 23 December 2004, Trans-Siberian Gold plc (TSG)announced that the deadline for the second subscription for new ordinary sharesby AngloGold Ashanti Limited (AGA) had been extended to 15 April 2005, and thatthe second subscription would no longer be conditional on TSG entering into abinding agreement to implement project financing for the Asacha gold minedevelopment in Kamchatka, far east Russia. Instead, TSG and AGA agreed that thesecond subscription would be conditional on a revised implementation plan andfinancing plan for the Asacha project being unanimously agreed by the TSG Board,and any regulatory filings in the Russian Federation necessary for the revisedimplementation plan having been made. Whilst good progress has been made in satisfying the conditions to the secondsubscription certain issues remain outstanding and, in order to allow for theirresolution, the deadline for the second subscription has been extended until 29April 2005. Ends For further information, please contact: Jocelyn Waller,Managing Director,Trans-Siberian Gold plc 01223 265 761 / 07778 164 376 Simon Olsen,Finance Director 01223 265 768 / 07770 484 965Trans-Siberian Gold plc Keith Irons, 020 7444 4155 / 07885 356 639Simon Rothschild 020 7444 4153 / 07703 167 065Bankside Consultants This information is provided by RNS The company news service from the London Stock Exchange