KazakhGold Group Ltd
11 May 2007
11 May 2007
KAZAKHGOLD ANNOUNCES ACQUISITION OF THE OXUS' ASSETS
Following its announcement on 26 April 2007, KazakhGold Group Limited (LSE: KZG)
is pleased to announce that it has completed the transaction with Oxus Gold PLC
(LSE: OXS) to acquire Norox Mining Company Limited, 50% of the issued share
capital of Romaltyn Limited and the right to an option relating to the
Karakilise copper deposit licence in Turkey from Oxus Resources Corporation, a
wholly owned subsidiary of Oxus. The 25% interest in Hatay Madencilik SA has
not been acquired by KazakhGold.
Kazakhgold issued 3,541,666 new ordinary shares as consideration for the
acquisition of these assets, representing approximately 7% of the enlarged share
capital of KazakhGold following the issue of the consideration shares.
Further Information:
Aidar Assaubaev
Kazakhgold
+73272509264
Ron Marshman/John Greenhalgh
City of London PR Limited
+442076285518
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