Further re subsidiary
04 December 2003 - 7:29PM
UK Regulatory
RNS Number:8493S
Oxus Gold PLC
04 December 2003
Oxus Gold plc
Subsidiary admitted to the Alternative Investment Market of the London Stock
Exchange ("AIM")
The Directors of Oxus Gold plc ("Oxus" or the "Company") are pleased to note the
admission today to AIM of its subsidiary, Marakand Minerals Limited
("Marakand"), by way of an Introduction by Williams de Broe Plc.
Update on distribution of Marakand shares
On 17 October 2003 Oxus announced that it intended to distribute part of its
shareholding in Marakand to its shareholders. The proposed distribution is
subject to the prior approval of Oxus shareholders at an EGM and a court order.
The Company expects to despatch a circular to shareholders in the next few days.
An announcement will be made when the circular is despatched. It is proposed
that Oxus shareholders will receive one share in Marakand for every ten shares
held in the Company.
4 December 2003
For further information:
Oxus Gold plc Russell & Associates
Richard Wilkins London: Alex Buck
Tel: +44 (0) 20 7907 2000 Tel: +44 (0)7932 740452
Williams de Broe Plc Johannesburg: Marion Brower
Louis Castro / David Newton Tel: +27 (11) 880 3924 / +27 (0)82 895 0698
Tel: +44 (0) 20 7588 7511
This information is provided by RNS
The company news service from the London Stock Exchange
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