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Oxus Gold pockets €283,000 after amicable settlement

Last updated: 13:49 15 Mar 2013 GMT, First published: 14:49 15 Mar 2013 GMT

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Oxus Gold (LON:OXS) has had a nice little windfall after a legal settlement in Romania.

The company has settled a dispute relating to the two drill rigs in Romania owned by a subsidiary of Oxus.

Oxus has been paid €228,000 of cash compensation in full and final settlement of its dispute. The settlement was described by executive chairman Richard Shead as “amicable”.

Shead commented: “The cash will be a welcome addition to the company's corporate treasury during its ongoing arbitration battle with the Uzbekistan Government."

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