Company Profile

The Oxus Group was established in 1996 and quoted on the Alternative Investment Market (AIM) in London in 2001.

Oxus Gold plc is a UK based international mining group with gold mining interests in Central Asia. Oxus is the joint owner (50/50) with the government of Uzbekistan of Amantaytau Goldfields (AGF) which is developing several mining operations in the Tien Shan gold belt near Zarafshan.

The first mine was constructed and commissioned by Oxus in January 2004 on time and within budget and commercial production began the following month. AGF has since produced more than 270,000 ounces of gold to the end of September 2005 and is now producing at the planned rate of 151,000 onces per annum.




Amantaytau - Jul 2004





Contact details

Oxus Gold plc - Head & Registered Office

Tel: +44 (0)20 7907 2000
Email: enquiries@oxusgold.co.uk

Web: www.oxusgold.co.uk


For Oxus Gold press releases, click HERE

The only way is up, I hope!!!

Which week now oh master?

Oxus Gold PLC
29 April 2008


OXUS GOLD PLC

Proposed Placement of Convertible Loan Notes
Issue of New Shares


LONDON: 29 April 2008 - Oxus Gold plc ('Oxus' or the 'Company') (OXS.L) is
pleased to announce its intention to place between US$25 million and US$35
million of convertible loan notes (the 'Notes'). The Company is also in the
process of finalising a mandate with a leading international bank to arrange
approximately $150 million in project finance (the 'Project Finance Facility')
for Amantaytau Goldfields ('AGF') in order for AGF to develop its Phase 2
underground sulphides project.

The Notes will carry an 8% coupon and will be convertible into new ordinary
shares of the Company at 37 pence per share. At the holder's option the Notes
may be converted on the earlier of a written request from the holder to convert,
or first drawdown on the Project Finance Facility. The Notes may also be
redeemed on the earlier of first drawdown on the Project Finance Facility, or
after two years from the date of issuance. It will be a condition precedent to
drawdown on the Notes that the mandate to arrange the Project Finance Facility
has been signed.

The proceeds of the Notes will be used (i) to finance the construction of a one
million tonnes per year heap leach operation at AGF's Asaukak deposit, to
produce approximately 30,000 ounces of gold per year at an estimated cash cost
of $400 per ounce, commencing in early 2009; (ii) to commence initial
development of the underground sulphides project at AGF and to place orders for
certain long-lead time items of equipment; (iii) to finance the proposed
exploration programme at AGF for 2008; and (iv) for general working capital.

First drawdown on the Project Finance Facility is currently expected to occur in
October or November 2008, and first production from the underground sulphides
project is currently forecast for Q3 2009. Further details of the underground
sulphides project will be announced following the completion in May 2008 of the
bankable feasibility study currently being updated by Wardell Armstrong
International. The underground sulphides project is expected to increase AGF's
production to approximately 300,000 ounces of gold per year from 2010
Oxus owns 50% of AGF.

Oxus also announces that Zeromax GmbH has agreed to capitalise $3 million of
loans previously advanced to the Company into new ordinary share of the Company
at 25 pence per share. Zeromax will be issued with 6,030,151 shares in the
Company, following which Zeromax will own a total of 68,533,797 shares in the
Company, representing 18.10% of the enlarged outstanding share capital of
378,717,611 shares.

Application has been made for the 6,030,151 shares to be admitted to trading on
the AIM market of the London Stock Exchange and dealings are expected to
commence on 6 May 2008. The new shares will rank pari passu with existing
ordinary shares.

What a weird RNS with no tangible substance merely stating an "intention" to raise funds and finalising the award of a mandate is pretty meaningless. Further dilution with the capitalisation of loans will not improve the value of existing shareholdings. Better out of this one IMHO.

Looking at the graph IMO looks like we are heading for a new resistance level of 28p and have broken out of 22p barrier.

MACD has rejected a cross-down

Does anybody concur with my findings ?

yep

Flat day .. consolidating before a good rise up ?

hope so - 'bout time this got going back to where it should be...... come on oxus....

Cleared the resistance level and holding well...

Looking forward to next week and a good SP raise

Yes Oxus now seems to be on the up, fingers crossed 40p again soon.

i want 80p

i want 80p

did your mummy never tell you, "I want never gets"?

lol

HAHAHAHA......

Lets get past the 30p mark one step at a time

40p by end of June, 80p by end of year

I hope s very cheap at the moment chart showing all the signs of reaching those levels mentioned

I hope sp is very cheap at the moment chart showing all the signs of reaching those levels mentioned

Nar1, heard u the 1st time, Oxus have somemaoney to pay this month regqarding some settlements so letsw see what that does to the SP in the next frew weeks

HHMM need a strong day tommorow..