RE: Today15 Oct 2021 11:49
Isomer -why was the placing done ?
Answer : The Pie got a whole lot bigger !
From RNS :
Q1: Why is the company seeking further authority, given a large fundraising has just been undertaken?
It would be quite unusual to not seek authority and these resolutions are put to shareholders at every AGM. The Board considers the Company very well-funded and does not currently have specific intentions for a further fundraising, however, the Board asks that its members make that option available, for example, in case the Rosgeo Joint Venture development this year results in proving a resource higher than already released (104.6Moz Pt eq) and only if further funding will add value to Eurasia taking into account the implications of shareholder dilution, which the Board and management prefer to limit, being collectively the largest shareholders in Eurasia Mining.