Eurasia Mining Adds Former Goldman Sachs Banker As Board Advisor

(Alliance News) - Eurasia Mining PLC on Monday said it has named Alexei Churakov as a strategic advisor to its board.

Shares in Eurasia closed 19% higher at 0.56 pence each in London on Monday.

Churakov is a former investment banker at The Goldman Sachs Group Inc and Morgan Stanley, specialising in the mining sector, Eurasia said.

Eurasia added he also has experience in "cross-border" merger and acquisition transactions and has contacts with miners Gold Fields Ltd, Glencore PLC and Lesego Platinum Ltd.

Eurasia Chair Christian Schaffalitzky said: "We are delighted that Churakov has taken a role as strategic advisor to the company and brings both his extensive mining mergers and acquisitions experience.

"We are working on further strengthening our company with both international experts and top mining executives. In addition, acquiring a washplant to commence and continue mining on a 100% of revenue basis is a significant development for the company. We now have a very well established team at site with the necessary skills and experience to ensure a successful operation through the rest of the 2019 season and to ensure timely commencement of mining in 2020.