LONDON (Alliance News) - Eurasia Mining PLC Thursday said it has issued just under 12.1 million new shares in the company at a price of 0.63 pence per share after Darwin Strategic Ltd exercised all of its remaining warrants.
That means the company received around GBP76,230 for the warrants, and Darwin no longer holds any warrants in Eurasia following the conversion.
Later Thursday, Eurasia said fellow-listed Metal Tiger PLC has chosen to exercise all of its warrants, totalling 30.0 million new shares in the company at 1.0 pence per share. Those warrants were awarded back in December 2014 to Metal Tiger, which also confirmed the exercise on Thursday afternoon.
Eurasia shares were down 11.1% to 1.04 pence per share on Thursday afternoon whilst Metal Tiger shares were down 1% to 0.990 pence.
By Joshua Warner; joshuawarner@alliancenews.com; @JoshAlliance
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