Warrants - Amendment

2 Apr 2008 16:53

Oxus Gold PLC02 April 2008 The following amendment has been made in the 'Exercise of Warrants' released onApril 2, 2008, at 12:03 under RNS number 4176R: in paragraph 2, row 6, the currency symbol '$' was inserted. OXUS GOLD PLC Exercise of Warrants LONDON: 2 April 2008 - Oxus Gold plc ("Oxus" or the "Company") (OXS.L) advisesthat it has issued 5,000,000 new ordinary shares of 1 pence each. The shares have been issued to affiliates of L-R Managers LLC pursuant to theexercise of the 5,000,000 warrants that had been returned to the Company by thecourt as a result of litigation relating to the abortive 2002 project financing.The warrants were carried on the Company's balance sheet as a derivativefinancial instrument and had an original exercise price of 15.25 pence pershare. The shares have been issued for gross proceeds of $1,965,125,representing a purchase price of 19.75 pence per share. Application has been made for the new shares to be admitted to trading on theAIM market of the London Stock Exchange and dealings are expected to commence on8 April 2008. The new shares will rank pari passu with existing ordinary shares. Following the issue of the above new shares L-R Managers LLC, on behalf of itsaffiliates, including L-R Global Partners LP and L-R Global Fund Limited, hasincreased its shareholding in the Company and now holds 29,823,852 ordinaryshares, representing 8% of the Company's increased issued share capital of372,687,460 shares of 1 pence each. OXUS GOLD PLC Tel: +44 (0) 207 907 2000Jonathan Kipps - Finance DirectorRichard Wilkins - Chief Executive Officer CANACCORD ADAMS LIMITED Tel +44 (0) 207 050 6500Mike JonesRobin Birchall BANKSIDE CONSULTANTS Tel: +44 (0) 207 367 8888Keith IronsOliver Winters This information is provided by RNS The company news service from the London Stock Exchange