Issue of Equity

RNS Number : 1398Y

Eurasia Mining PLC

28 August 2009

 



Eurasia Mining plc

('Eurasia' or the 'Company')

Issue of Equity

The Company is pleased to announce that it has received notice that Deloan Investment Limited is to exercise 25,000,000 warrants over ordinary shares of 0.1p each at a price of 1p per share (the 'Warrants') raising £250,000.

At the same time, the Company has received notice of exercise of a further 44,818 Warrants, which were issued to shareholders pursuant to the re-structuring of the Company on 29 June 2009.

The total number of shares to be issued pursuant to the exercise of Warrants is 25,044,818 ordinary shares (the 'Warrant Shares')

Application will be made for the Warrant Shares to be admitted to trading on AIM and dealings in these shares are expected to commence on 7 September 2009.

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The total number of issued ordinary shares in the Company, including the Warrant Shares, will then be 327,605,782 Ordinary Shares. 

The proceeds of the Warrant will be used to fund the ongoing exploration activities of the Company.

Following the issue of the Warrant Shares, Dmitry Suchov, who is a director of the Company and the sole director and shareholder of Deloan Investment Limited, will have an interest in 125,000,000 ordinary shares representing 38.16% of the total issued share capital of the Company.

For more information please contact:

Eurasia Mining Christian Schaffalitzky / Michael de Villiers	Tel: [phone]
Katy Mitchell, WH Ireland Limited	Tel: [phone]

 

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