OXUS GOLD PLC 20 June 2014
Oxus Gold plc
Conversion of CLNs and Issue of Equity
Oxus Gold PLC ("Oxus" or the "Company") is pleased to announce that Sturgeon Central Asia Fund has converted convertible loan notes in the Company ("CLNs") to the value of US$500,000 into ordinary shares of 1p each in the Company ("Ordinary Shares").
Sturgeon Capital Limited is an independent investment manager focused on the Central Asian markets since 2006. It manages three dedicated Central Asia investment funds, including the Sturgeon Central Asia Balanced Fund Ltd, the Sturgeon Central Asia Fund and the Sturgeon Central Asia Equities Fund (a sub-fund of Sturgeon Capital Funds UCITS IV SICAV which is domiciled in Luxembourg).
2,604,167 Ordinary Shares have been issued to Sturgeon Central Asia Fund pursuant to the conversion of CLNs in the Company at a price of 12p per share. The terms of such CLNs were revised in January 2010 and July 2012. The revised terms were announced by the Company on 28 January 2010 and 1 August 2012.
In addition, 1,086,896 Ordinary Shares have been issued to Sturgeon Central Asia Fund in lieu of the accrued interest attributable to the converted CLNs for the period 6 January 2012 to 15 June 2014. These shares were issued at a price of 2.64p per share, being the average closing mid-market share price for the Company for the period 6 January 2012 to 15 June 2014.
Application has been made for a total of 3,691,063 new Ordinary Shares to be admitted to trading on the AIM Market of the London Stock Exchange. The new Ordinary Shares will rank pari passu with existing Ordinary Shares and dealings are expected to commence in the new ordinary shares on 26 June 2014.
Following the issue of ordinary shares as set out above, the Company's issued share capital now consists of 515,786,589 ordinary shares of 1p each, none of which are held in treasury. Therefore, the total number of voting rights in the Company is 515,786,589 .
For further information, please contact:
Oxus Gold PLC Richard Shead | Tel: +44 (0) 20 7907 2000 |
SP Angel Corporate Finance LLP Ewan Leggat/Laura Harrison | Tel: +44 (0) 20 3463 2260 |
This information is provided by RNS
|
distributed by
|
