Oxus Gold PLC Conversion of CLNs and Issue of Equity (9527C)
October 21 2015 - 5:50AM
UK Regulatory
TIDMOXS
RNS Number : 9527C
Oxus Gold PLC
21 October 2015
21 October 2015
Oxus Gold plc
Conversion of CLNs and Issue of Equity
Oxus Gold plc ("Oxus" or the "Company") is pleased to announce
that Darwin Strategic Limited ("Darwin") has given notice to
convert zero coupon unsecured convertible loan notes in the Company
("CLNs") with a value of GBP100,000 into ordinary shares of 1p each
in the Company ("Ordinary Shares"). Following this conversion,
Darwin does not currently hold any CLNs, although further CLNs may
be issued to Darwin pursuant to an agreement entered into between
Oxus and Darwin on 6 October 2015.
3,713,330 new Ordinary Shares have today been issued to Darwin
pursuant to the conversion of CLNs at a price of 0.02693 pence per
share.
Application has been made for a total of 3,713,330 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 October 2015.
Following the issue of ordinary shares as set out above, the
Company's issued share capital now consists of 707,575,019 Ordinary
Shares, none of which are held in treasury. Therefore, the total
number of voting rights in the Company is 707,575,019.
For further information, please contact:
Oxus Gold PLC Tel: +44 (0) 20 7907 2000
Richard Shead
SP Angel Corporate Finance Tel: +44 (0) 20 3470 0470
LLP
Ewan Leggat/Stuart Gledhill
This information is provided by RNS
The company news service from the London Stock Exchange
END
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