Eurasia Mining PLC Issue of Equity (4430N)
26 October 2016 - 5:00PM
UK Regulatory
TIDMEUA
RNS Number : 4430N
Eurasia Mining PLC
26 October 2016
Eurasia Mining plc (AIM: EUA)
("Eurasia" or the "Company")
Issue of Equity
Further to the announcement of 1 August 2016, the Company
confirms that it has drawn down a further GBP100,000 under its loan
arrangement with Sanderson Capital Partners Limited ("Sanderson"),
and accordingly has today issued 1,142,857 ordinary shares in the
Company at a price of GBP0.00875 to Sanderson in satisfaction of
the drawdown fee relating of GBP10,000 loan, described in that
announcement. The total amount drawn down under this current loan
arrangement with Sanderson is now GBP300,000.
In addition, the Company confirms that it has issued a further
391,608 Ordinary Shares at a price of 0.55p to Beaufort Securities
Limited, in lieu of fees.
Accordingly the Company has today issued a total of 1,534,465
Ordinary Shares (the "New Shares"). 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 31 October 2016.
Following the issue of the new shares the total number of issued
ordinary shares in the Company will then be 1,458,992,059 ordinary
shares and consequently the total number of voting rights in the
Company will be 1,458,992,059. 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
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