THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED IN
REGULATION NO. 596/2014 (AS IT FORMS PART OF RETAINED EU LAW AS
DEFINED IN THE EUROPEAN UNION (WITHDRAWAL) ACT 2018) AND
IS IN ACCORDANCE WITH THE COMPANY'S OBLIGATIONS UNDER ARTICLE 7 OF
THAT REGULATION.
6 March 2024
Eurasia Mining
Plc
Update re Queeld &
Mispare share certificates
Eurasia Mining Plc ("Eurasia" or the
"Company"), the palladium, platinum, rhodium, iridium and gold
mining company, announces the following regarding the previously
notified legal dispute with Queeld Ventures Limited and Mispare
Limited:
Queeld Ventures Limited and Mispare
Limited (respectively "Queeld" and "Mispare") are
registered shareholders in Eurasia
Mining PLC ("Eurasia"). In or about July 2018, Queeld and Mispare
applied to Eurasia for the issue of
replacement share certificates in respect of their respective
shareholdings.
This matter has, since December 2021,
been the subject of proceedings in the High Court of
England and Wales (Claim No.
BL-2021-002213). On 15 November 2023, the Company announced that by
consent between the parties, (i) the proceedings had been stayed,
and (ii) in accordance with the Schedule to an Order made in the proceedings,
replacement share certificates were to be issued to be held by
solicitors acting for Queeld and
Mispare, to be held by those solicitors until 5 March 2024, at
which point the share certificates
would be released to Queeld and Mispare.
The same announcement on 15 November
2023 invited any persons wishing to assert any claim to, or
interest in, those shares, by reason of which such replacement certificates should not be released to
Queeld and Mispare, to inform the solicitors acting for Queeld and Mispare, and the solicitors
acting for Eurasia, in writing, not later than 4 March 2024, indicating the nature of that claim or
interest.
A number of communications have been
received in response to the announcement of 15 November 2023. It
should not be assumed that there are any claims or interests by
reason of which replacement certificates should not be released to
Queeld and Mispare. Eurasia is neutral in that regard, and its
solicitors are currently in correspondence with solicitors for
Queeld and Mispare regarding the appropriate directions to be made
by the Court in light of those communications.
The Company will make further
announcements relating to this matter as appropriate.
For further information, please
contact:
Eurasia Mining Plc
Christian Schaffalitzky
+44 (0)207 932 0418
SP
Angel Corporate Finance LLP (Nomad and Broker)
Jeff Keating / David Hignell / Adam
Cowl
+44 (0)20 3470 0470
Yellow Jersey PR (Financial PR)
Charles Goodwin / Shivantha
Thambirajah
+44 (0)207 932 0418
eurasia@yellowjerseypr.com
