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Eurasia is pleased to announce that it has received notice to exercise warrants over 1,666,668 ordinary shares of 0.1 pence in the Company at an exercise price of 0.6 pence (the "Warrant Shares"). The consideration for the exercise of the Warrant Shares amounts, in aggregate, to a cash value of £7,000.
In addition, the Company announces it has received notice to exercise options over 11,000,000 ordinary shares of 0.1 pence in the Company at an exercise price of 0.6 pence per share (the "Option Shares"). The consideration for the exercise of the Option Shares amounts, in aggregate, to a cash value of £64,200. These options were exercised by employees and ex-employees of the Company, not holding positions as directors of the Company, PDMRs or advisors to the board.
Accelerator Clause
Furthermore, the Company wishes to advise that the accelerator clause governing warrants associated with the May 2018 placing undertaken with clients of the Company's broker First Equity Limited (See RNS dated 10 May 2018) has now been triggered by the Company. A one-for-one warrant valid to May 2020 was subject to an accelerator clause whereby if the VWAP of the Company's share price is sustained at greater than 1.8p for ten consecutive days the Company may choose to force execution of the warrants. Tuesday 12th November was the 10th consecutive day satisfying this condition and notice was duly given to warrant holders. Warrants for which notice of execution is not given within 5 business days from the date of notice will be forfeited. The total number of outstanding warrants subject to the clause is 23,349,998, which represents a cash value of £148,600.
Christian Schaffalitzky, Chairman added: "The Directors are happy to exercise our right to remove the remaining warrant overhang that has been a concern to some of our shareholders."
Application has been made for the Warrant Shares and Option Shares to be admitted to trading on AIM, and dealings are expected to commence on or around 19 November 2019 ("Admission"). These shares will rank pari passu with the ordinary shares of the Company in issue.
The only honest thing you have ever written on this board...knew I'd prised it out!
EXPOSED!
Heard you...
And I'm saying simply it's because you are totally potless!
So carry on with your groundless negative quips Mr know it all but won't invest it!
That's because your potless..
Just like I thought.....
For someone who endlessly researchers and knows everything there is to know, and more probably,
Why aren't you a super billionaire.
My guess is youreally account is in debit and you owe heaps on your credit cards...oh...and your claiming benefit because your so annoyingly unemployable....
That's what my research indicates..
Thank you all for all who replied to my question regarding the divi.
Although conflicting views leave me none the wiser but will keep an eye out for those flying pigs.
Best of luck to all ....except shorters of course.......burn..mother f@xcccs
Burn!
Just sold my 1,809064 at 3.45
Been here a long time .Decided to take the big gamble on .the big E.
Either come off or not I guess. Got in for 3.09 bit spikey..but hey ho.
Sincerely hope this comes off for you all I really do.
I'll be back for sure if my new ship comes in.......s..t or bust...
As a long term investor can someone please enlighten me what if anything would stop an interested company buying £500mil worth of shares
And then giving a loan to sxx for the same amount. Would the market reaction then triple the share price. The then said company could the sell their shares at a huge profit.Their remaining loan would in effect be paid back literally overnight from the profit made from the shares and the loan would still remain outstanding....
Must be illegal or my maths is crap.
Well, that's Balham for ya!