Oxus Gold extends option to Zeromax to buy up to 46.75 mln shares

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Economy 02/02/2008 Oxus Gold extends option to Zeromax to buy up to 46.75 mln shares

The option is exercisable at any time until Feb 29, 2008 and extendable until 31 March 2008.

Uzbekistan-based private company Zeromax currently holds 62.50 mln shares or 17% in the company. If it exercises the balance of the option in full, Zeromax’s shareholding in Oxus Gold will increase to about 109.25 mln shares or 29.71%.

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