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Eurasia's licence

By BFN News | 02:17 PM | Wednesday 08 July, 2015


Trading in Eurasia Mining's shares has resumed on AIM after Russia prime minister Dmitry Medvedev approved the company's application for a mining licence of 21.5 square kilometres at West Kytlim in the Urals. The announcement appeared on the Russian government's website this morning, prior to the Company having been informed. The licence is granted to Eurasia's subsidiary, ZAO Kosvinsky Kamen, on the basis of first discovery and includes the rights for extraction of platinum and gold. RosNedra, the licensing agency, has informed the Company that the formal licence will now be registered in late August or early September. The one-off lump-sum payment due to the government, to be paid within 30 days of registration of the licence, is 2,126,000 roubles or approximately £24,000. RosNedra has informed the company that the figure of 21,260,000 roubles quoted earlier on the government website is a misprint. At 2:17pm: (LON:EUA) Eurasia Mining PLC share price was +0.5p at 1.75p Story provided by StockMarketWire.com

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