Issue of Equity and Repayment of Debt

RNS Number : 6081Z

Eurasia Mining PLC

31 May 2016

 

Eurasia Mining plc (AIM: EUA)

("Eurasia" or the "Company")

Issue of Equity

Repayment of Debt

Eurasia Mining plc ("Eurasia" or "the Company"), the PGM exploration and development company focused on Russia, announces that it has issued 9,090,909 Ordinary Shares of 0.1 pence at 0.55 pence per share (the "New Shares") in settlement of invoices for various services. In addition the Company confirms that is has repaid the loan of £250,000 (plus charges) provided by Sanderson  Capital Partners Limited earlier this year, more details of which are set out in the announcement dated 12 February 2016.

Application will be made for the New Shares, which rank pari passu with all existing ordinary shares, to be admitted to trading on AIM ("Admission").  Admission is expected to take place on or around 3 June 2016.

Following the issue of the New Shares the number of Ordinary Shares in issue will increase to 1,404,954,237. For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs"), the issued ordinary share capital of the Company following this allotment consists of 1,404,954,237 Shares with voting rights attached (one vote per Share). There are no Shares held in treasury. This total voting rights figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interests in, or a change to their interest in, Eurasia under the DTRs.

Enquiries:

 Eurasia Mining Plc

Christian Schaffalitzky/Michael de Villiers

[phone]

 WH Ireland Limited

Katy Mitchell/Nick Prowting

[phone]

 Beaufort Securities

Elliot Hance

[phone]

John Beresford-Peirse

[phone]

 

END

 

 

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