Intention to Collaborate
13 November 2010 - 3:57AM
UK Regulatory
TIDMEUA TIDMPMA
RNS Number : 1338W
Eurasia Mining PLC
12 November 2010
Eurasia Mining plc
("Eurasia" or the "Company")
Intention to Collaborate
The Company is pleased to announce it has agreed in principle to collaborate
with Premier Management Holdings plc ("Premier") in its proposed mineral
exploration and development strategy in Central Asia.
Premier is an AIM quoted investment company which is developing a new mineral
resources strategy. Its stated objection is to create value for its shareholders
through the acquisition of early stage mining projects. It is the intention of
Premier and Eurasia that, for a fee yet to be determined, Eurasia will provide
ongoing technical support and management to Premier in the implementation of
this strategy.
Christian Schaffalitzky, the Chief Executive Officer of Eurasia, has from today
also been appointed as a non-executive director of Premier to assist with this
approach.
A further announcement will be made if any agreements relating to this
arrangement are executed.
Christian Schaffalitzky commented "We believe this is an exciting opportunity
for Eurasia which will enable Premier to utilise our skill set whilst
potentially creating an interesting diversification of Eurasia's exploration
strategy."
For more information please contact:
+---------------------------------+---------------------------------+
| Eurasia Mining | |
+---------------------------------+---------------------------------+
| Christian Schaffalitzky / | Tel: +44 (0) 207 932 0418 |
| Michael de Villiers | |
| | |
+---------------------------------+---------------------------------+
| Katy Mitchell, WH Ireland | Tel: +44 (0) 161 832 2174 |
| Limited | |
+---------------------------------+---------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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