RE: a reason please?3 Jun 2021 12:14
ROSEGEO - RNS. Comments
Christian Schaffalitzky, Executive Chairman commented: "The Directors are delighted, that an institutional investor is providing finance at the market price of 26.5p without a discount to help us develop further new projects in the low-cost open pit mining district of Kola where, via Rosgeo JV, we have significantly advanced our presence in both PGM and battery metals. The Board is confident that this strategic financing allows us to take Rosgeo JV to the next level, while Eurasia and its advisers are focused on advancing our strategy as announced on 12 May 2021".
James Nieuwenhuys, CEO commented: "We have deliberately kept shareholders' dilution to a minimum, leveraging our track record of signing an EPC and financing contract with Sinosteel. My experience working for several leading EPC contractors including SNC-Lavalin, Bateman and XCEL Engineering & Management combined with our Director Tamerlan Abdikeev's experience with Japanese EPC contractors, opens new doors. We are committed to our strategy of maximising the return for our shareholders while adding value to all our assets, including the ones within the scope of the Rosgeo JV".