Eurasia Mining PLC Sanderson Partners facility drawdown (4521D)
27 April 2017 - 1:21AM
UK Regulatory
TIDMEUA
RNS Number : 4521D
Eurasia Mining PLC
26 April 2017
Eurasia Mining plc (AIM: EUA)
Sanderson Partners facility drawdown
Eurasia Mining plc, the PGM mining and exploration company,
announces that it has executed the final drawdown of its loan
facility with Sanderson Capital Partners (see RNSs dated 21
December 2016 and 29 March 2017).
The final drawdown of GBP50,000 was executed on 21 April 2017.
The drawdown fee of GBP7,500 is to be satisfied by the issue of
1,500,000 ordinary shares in the Company's share capital, at a
price of GBP0.005 per share, being the mid-price at open on 21
April 2017.
Accordingly, the Company has today issued a total of 1,500,000
Ordinary Shares (the "New Shares") and dealings in these shares are
expected to commence on the 3 May 2017.
Following the issue of the New Shares the total number of issued
ordinary shares in the Company will be 1,532,524,173 ordinary
shares and consequently the total number of voting rights in the
Company will be 1,532,524,173. 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.
This announcement includes inside information as defined in
Article 7 of the Market Abuse Regulation No. 596/2014 and is
disclosed in accordance with the Company's obligations under
Article 17 of those Regulations.
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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