Eurasia Mining PLC Issue of equity to settle fees and remuneration (4120K)
21 September 2016 - 4:25PM
UK Regulatory
TIDMEUA
RNS Number : 4120K
Eurasia Mining PLC
21 September 2016
Eurasia Mining plc (AIM: EUA)
("Eurasia" or the "Company")
Issue of equity in lieu of creditors fees and directors
remunerations
Further to the announcement of earlier today, the Company
confirms that it has issued a further 22,783,077 ordinary shares
("New Shares") in the Company at a price of 0.65p to various
creditors in lieu of fees and to directors of the Company in lieu
of directors remunerations.
Of the New Shares, 8,069,231 Ordinary Shares are being issued to
directors as set out as follows:
Name Number Total Number of Percentage of
of New Ordinary Shares total issued
Shares held share capital
------------------------ --------- ----------------- --------------
Christian Schaffalitzky 6,153,846 44,869,088 3.08%
Gary Fitzgerald 569,231 18,608,387 1.28%
Michael Martineau 769,231 17,831,403 1.22%
Dmitry Suschov* 576,923 284,877,066 19.55%
* Dmitry Suschov is deemed to have an interest in 284,877,066
Ordinary Shares representing 19.55% of the issued share capital of
the Company, of which 234,500,000 Ordinary Shares are held by
Deloan Investments Limited, a company controlled by Mr Suschov.
Application will be made for the New Shares to be admitted to
trading on AIM and dealings in these shares are expected to
commence on the 27 September 2016.
Following this share issue the total number of issued ordinary
shares in the Company will then be 1,457,457,594 ordinary shares
and consequently the total number of voting rights in the Company
will be 1,457,457,594. This figure may be used by shareholders in
the Company as the denominator for the calculations by which they
will determine if they are required to notify their interest in the
share capital of the Company under the Disclosure and Transparency
Rules.
Enquiries:
Eurasia Mining Plc
Christian Schaffalitzky/Michael de Villiers
+44 (0)207 932 0418
WH Ireland Limited
Katy Mitchell/Nick Prowting
+44 (0)161 832 2174
Beaufort Securities
Elliot Hance
+44 (0)207 382 8300
This information is provided by RNS
The company news service from the London Stock Exchange
END
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