(Alliance News) - Eurasia Mining PLC on Wednesday said it has appointed Swiss bank UBS AG to assist in a review of its strategic options including asset sales or a sale of the company.
The AIM-listed miner said in recent months it has received a number of inbound expressions of interest from multiple parties interested in acquiring all of or a stake in its assets. Eurasia said that there can be no certainty that an offer will be made and will make further announcements when appropriate.
Earlier on Wednesday, Eurasia reported a narrowed pretax loss for 2019 of GBP796,268 for 2019 compared to GBP3.2 million the year before, despite sales falling to GBP1.1 million from GBP2.6 million.
The stock is currently suspended from trading.
By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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Eurasia Mining (EUA)