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

Issue of Equity and Total Voting Rights

Oxus Gold announces that on 5 February 2013, a total of 87,260 new ordinary shares of 1p each in the Company were issued and allotted to SP Angel Corporate Finance LLP ("SP Angel"), the Company's Nomad and Broker, in lieu of certain fees due to them for the period from 1 January 2013 to 31 March 2013. The new ordinary shares were issued to SP Angel at the mid-market closing price on 31 December 2012, being 2.865p.

boom!

Imploded & disappeared up it's own ar*e?

lol.,.

tossers!

Romanian Legal Settlement
The Board of Oxus Gold is pleased to announce that it has settled a dispute relating to the two drill rigs in Romania owned by a subsidiary of the Company. The Company has been paid €228,000 of cash compensation in full and final settlement of its dispute.

Richard Shead commented: "I am happy to report that the Company has reached an amicable settlement relating to its claim in respect of the two drill rigs which goes back a number of years. The cash will be a welcome addition to the Company's corporate treasury during its ongoing arbitration battle with the Uzbekistan Government."

StockMarketWire.com
Oxus Gold has raised £100,000 following a subscription for new ordinary shares by Darwin Strategic, a majority owned subsidiary of Henderson Global Investors Volantis Capital.

The subscription for new ordinary shares was made by Darwin on 25 March 2013 following an agreement between Darwin and Oxus to make early settlement this month under the terms of the equity financing facility greement and at a gross price per share of 2.6488p (being the average of the three lowest daily volume weighted average prices during the last eight trading days).

CHAIRMAN'S STATEMENT
Most of last year was spent by directors and management in progressing the arbitration claim for the misappropriation by the Uzbek Government of both the Company's Khandiza and Amantaytau Goldfields mining assets in Uzbekistan, which resulted in a substantial destruction of shareholder value of your company.

In order to ensure that your company remains adequately funded to pursue its claims through international arbitration, it successfully put in place both a litigation funding agreement, which ensures that the legal costs of the claim will be funded through to its conclusion, and an equity funding agreement to ensure that your company's ongoing operational costs, which have as in the previous year been again reduced wherever possible, will remain funded during this most difficult period in the life of your company. Details of both these funding arrangements have been fully disclosed in various RNSs issued during the past twelve months.

It gives me great confidence that two professional companies well versed in litigation funding and value creation have, after reviewing Oxus' claims, taken the decision to provide the Company with the financial support necessary to progress these claims to what I confidently believe will be a successful conclusion for all stakeholders.

With respect to the abuses suffered by certain of our former employees, I wish I was able to provide more positive news.

Mr Said Ashurov, AGF's former Chief Metallurgist, remains in prison in Uzbekistan on what the company considers to be an unjust and improper conviction for seeking to remove classified information from the country, despite high-level approaches made to the Uzbek authorities through diplomatic and other formal lines of communication. We continue to remain hopeful that Uzbekistan will on humanitarian grounds release Mr Said Ashurov, who I understand is critically ill, into the care of his family.

A number of other former employees have also had arrest warrants issued against them on what we consider are fabricated charges. It is regrettable that the arrest and / or imprisonment of employees is a standard tactic adopted by the Uzbek Government in its various disputes with foreign investors in the expectation that the investor will capitulate and not progress its claim for compensation.

Despite these pressures, your company remains willing to consider offers from the Uzbek Government to settle our claims on a fair and equitable basis taking into account the independent valuations of the assets misappropriated. If no such offer is received, your company will continue with its claims which are currently scheduled to be heard before the arbitral tribunal in early 2014.

In conclusion I would like to thank my fellow director, management, staff and professional advisors for all their hard work and support during the past twelve months, which will hopefully lead to the enhancement of shareholder value in the forseeable future.

24th Oct 2013

Issue of Equity
Oxus Gold plc ("Oxus" or the "Company"), is pleased to announced that it has raised £81,000 following a subscription for new ordinary shares in the Company by Darwin Strategic Limited ("Darwin") (a majority owned subsidiary of Henderson Global Investors Volantis Capital). The subscription for new ordinary shares was made by Darwin on 24 October 2013 pursuant to the terms of the Equity Financing Facility Agreement (as announced on 13 March 2013) and at a gross price per share of 1.7p.

Issue of Equity
Oxus Gold plc is pleased to announced that it has raised £112,000 (net of fees and costs) following a subscription for new ordinary shares in the Company by Darwin Strategic Limited ("Darwin") (a majority owned subsidiary of Henderson Global Investors Volantis Capital). The subscription for new ordinary shares was made by Darwin on 26 November 2013 pursuant to the terms of the Equity Financing Facility Agreement (as announced on 13 March 2013) and at a gross price per share of 2.0p.

Harry is that to pay for their Christmas party?

Yep and the boss probably wants to go skiing over Xmas. What a hopeless company!

Update on Arbitration Proceedings
Oxus Gold plc ("Oxus Gold" or the "Company") refers to the ongoing UNCITRAL international arbitration proceedings commenced by Oxus Gold against the Government of Uzbekistan on 31 August 2011, in relation to the expropriation of the Company's investments in Amantaytau Goldfields and the Khandiza deposit, as described in RNS Number 3270N dated 31 August 2011.

Update on the Arbitration Proceedings
Oxus Gold's Rejoinder, prepared with the assistance of its legal counsel, Derains & Gharavi, was submitted to the Tribunal in 2013. It developed the position of the Company in the dispute as previously set out in the Statement of Claim (see RNS Number 4620M dated 18 September 2012), and was accompanied by numerous factual and legal exhibits and witness statements, and supported by an updated independent quantum report, and updated expert opinions on mineral deposit valuation and on issues of investment finance.

Calendar
A procedural calendar for the remainder of the arbitration proceedings has been established by the Tribunal. Confidentiality obligations of the arbitration do not allow Oxus Gold to disclose the procedural calendar but the Company can confirm that the hearing will be held and the decision of the Tribunal is expected during 2014.

Shareholders will continue to be advised, subject to confidentiality obligations, of any further material developments in respect of the arbitration as and when they occur.

Richard Shead, Chairman of Oxus Gold, commented:
"I understand shareholders' frustration at the lack of information being provided to them as a result of the confidentiality obligations of the arbitration. However, I can confirm proceedings are progressing as expected and the Board of Oxus Gold remains positive that shareholders will be appropriately compensated for the blatant expropriation of the Company's mineral rights in Uzbekistan."

StockMarketWire.com
Oxus Gold has raised approximately £67,500 (net of fees and costs) following a subscription for new ordinary shares by Darwin Strategic Limited, an investment held by funds managed by Henderson Global Investors.

The subscription for new ordinary shares was made by Darwin today to the terms of the equity financing facility agreement (as announced on 13 March 2013) and at a gross price per share of 2.20p.

Approaching Aug settlement due in 2014 fingers crossed

StockMarketWire.com
Oxus Gold has reported an H1 pretax loss of $1.4 million, form a loss of $1.0m a year ago, including costs of the arbitration process of $0.4 million and interest charges of $0.4 million.

The major portion of management's time during the past six months has continued to be that of progressing the arbitration proceedings and seeking compensation for the Group in respect of the loss of the Amantaytau Goldfields (AGF) and Khandiza mining assets.

There were no other operating activities currently being undertaken by the Company and its subsidiaries.

The Group continues to pursue the UNCITRAL arbitration proceedings against the Republic of Uzbekistan. During the period the arbitral hearing has taken place in Paris.

Pursuant to the arbitral hearing, final submissions have now been presented to the Arbitral Tribunal and the Group currently awaits the decision of the Arbitral Tribunal with regards to both the merits and the quantum of the claim.

The existing arrangement with a litigation funder to support the Company's arbitration through non-recourse funding of legal and related fees arising from the arbitration process remains in place.

At 30 June 2014 the Company had received $5.8 million of funding, which is only repayable upon the successful completion of the arbitration.

In August 2012 the Company entered into a £3 million Equity Financing Facility ("Facility") with Darwin Strategic Limited ("Darwin"). In March 2013 the terms of the Facility were amended to allow Darwin to provide the Company with a minimum amount of £100,000 per month, up to a maximum amount of £3.6 million over an 18 month period, commencing on 13 March 2013. On 1 September 2014, the Facility was extended for a further 6 months on the same terms as those announced on 13 March 2013, allowing for a further maximum draw down amount of £1.2 million.

As at 12 September 2014, no proceeds had been drawn down under the further amended terms of the Facility.

Up nicely but no idea why!

i do...watch and learn tomoro!

Still waiting..................and not getting any younger!!!

ITS COMING ..TRUST ME