Eurasia Mining Raises GBP130,000 By Placing 13 Million Shares

LONDON (Dow Jones)--Eurasia Mining PLC (EUA.LN), an international mineral exploration company, said Wednesday it has raised GBP130,000 by way of a placing of 13 million new ordinary shares at 1 pence per share with an additional warrant for every one placing share subscribed for, through WH Ireland Ltd and Loeb Aron & Co. Ltd. MAIN FACTS: -Warrant will be exercisable at any time from the date of issue, for a period of 12 months; at a price of 1 pence per ordinary share. -Proceeds of the placing will be used to fund the ongoing exploration activities of the company. -Shares at 1237 GMT unchanged at 0.95 pence, valuing the company at GBP3.6 million. --By Tapan Panchal, Dow Jones Newswires. Tel +44(0)207-842 9448, tapan.panchal@dowjones.com (END) Dow Jones Newswires June 30, 2010 08:39 ET (12:39 GMT)