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If there was going to be a placing wouldn't of had have been prior to asset sale announcement or there would have been no interest as SP would have re-rated to new level.
All in time line plan I think
GLA
Morning All, I see the RNS as good news as it shows confidence in our company by the IIs which is brilliant but I also see it as a bit of a negative too. Any divi that’s incoming has just been watered down and the future with more warrants making it more so. Undoubtedly there will be some on here that will tell me differently but that is the way I perceive it at this time. And since we’re all pretty convinced that it’s the IIs that have been manipulating the sp down to this level in order to keep the sp where it is, what’s to stop who ever bought the shares using them as trading stock. Just my view of it at the moment. Positive but with a caveat.
ATB Pete
Well I wasn't expecting this, this morning..
I see they are all pouring on deck with there pearls of negative toxic wisdom ,
They actually sound a tad desperate
Just to point out cash purely for JV -
The company has received a higher offer & Piper & UBS taking care of business.
Rums all Round
Expect the warrants to be exercised very soon!
Explains last week no doubts. Still left guessing us Eurasians.
Now we know why this was brought back to 26
& did note last week the stock price movements were somewhat orchestrated # shenanigans,
They obviously new about this RNS on Friday .
Who says there’s no manipulation.
Rums all Round
We are at Bottom… should be blue close… institution bought at 20 over 30 million in bank and lot more to come… sale RNS should come with in few months from now
Wondering.
Did EUA know when the agreement date was set and thought "hold on a minute. You are not having our shares at at 14p to 16p". Hence the little reminder in the RNS regarding the investment by our mystery American friend at 26.5p. Hence the contributing factor in the share price rise.
Our American friend n the mean time already has a lot of shares and dumps a load in the 30's so that they don't have to pay top price for the warrants/options. Make a killing for what they've dumped. Make a killing by only paying 26p for the placement.
Eurasia Mining Plc ("Eurasia" or the "Company"), the palladium, platinum, rhodium, iridium and gold producing company, is pleased to announce that it has entered into a securities purchase agreement for a private placement (the "Private Placement") of 41,551,563 new ordinary shares of the Company (the "Placing Shares") and warrants (the "Warrants") to purchase up to 41,551,563 new ordinary shares of the Company (the "Warrant Shares") to institutional investors at a price of 26 pence per ordinary share and associated Warrant, being the closing mid-market price of the Company's ordinary shares on 17 September 2021, for gross proceeds of approximately £11m, or approximately US$15m (not including any gross proceeds from the exercise of the Warrants), before deducting placement agent's fees and offering expenses.
The net proceeds of the Private Placement are intended to be used primarily to finance the joint venture with Rosgeo ("Rosgeo JV"), as announced via RNS dated 26 March 2021, including Nyud, Moroshkovoe and other major Rosgeo JV platinum group metals ("PGM") and battery metals open pit deposits.
The cash position of the Company prior to the Private Placement is about $20m with no debt and after significant investments made into the West Kytlim operating mines and plants expansion, as well as into the Monchetundra project as announced on 1 September 2021. The cash position of Eurasia after the Private Placement will be approximately US$35m.
After receiving a more sizable offer, the Directors have decided to limit the size of the Private Placement relative to the offer to minimise shareholder dilution and at the same time place the Company in a stronger position.
H.C. Wainwright & Co. is acting as the exclusive placement agent in the United States for the Private Placement.
The Warrants have an exercise price of 26p per ordinary share and may be exercised at any time upon issuance and prior to the 3-year anniversary of the issuance date. The Warrants are expected to be issued on 23 September 2021.
The total number of ordinary shares to be issued pursuant to the Private Placement, and assuming exercise of all of the Warrants, is 83,103,126 new ordinary shares of 0.1 pence each in the Company ("Ordinary Shares"), which would represent approximately 2.87 per cent of the Company's enlarged fully diluted share capital of 2,895,111,558 Ordinary Shares.