By Laura Lutz
Washington, Nov. 30 - Oxus Gold plc announced a £12.255 million private placement of shares with Zeromax.
Oxus agreed to sell 57 million ordinary shares at 21.5p each. The new shares will constitute 16.1% of Oxus' expanded share capital.
Settlement of 8.55 million of the shares is planned for Dec. 6, and the remainder will be sold on Jan. 10.
Oxus is a London-based gold exploration company. Zeromax is a Uzbekistan-based investment company.
| Issuer: | Oxus Gold plc
|
| Issue: | Ordinary shares
|
| Amount: | £12.255 million
|
| Shares: | 57 million
|
| Price: | 21.5p
|
| Warrants: | No
|
| Pricing date: | Nov. 30
|
| Settlement date: | Dec. 6 (for 8.55 million shares); Jan. 10 (for 48.45 million shares)
|
| Stock symbol: | London: OXS
|
| Stock price: | 26.25p at close Nov. 30
|
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