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Rio Tinto to take Oxiana stock

OXIANA Resources said today it plans to issue 12.56 million shares to Rio Tinto as part of its agreement with the Anglo-Australian giant for the purchase of the Sepon gold-copper project in Laos.

Greg Tubby

The stock will be issued to Rio at 25.7c per share, the weighted market price of Oxiana shares over the past five trading days. Oxiana said the issue results from an instalment payment of US$1.5 million...

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