Tranches 4 and 5 of TFL11 Sep 2024 14:18
The TFL may be drawn down on the following basis: £250,000 immediately; £750,000 on or around 24 September 2024; £500,000 following the Company listing its shares on an additional Recognised Exchange; and the balance of the Loan (being tranches 4 and 5) subject to the Company entering into a term sheet to sell its Russian assets and signing of a share purchase agreement on such a sale (of which there can be no guarantee).
Tanvier Malik, Founder and Partner of Sanderson commented: "Sanderson enjoys a strong relationship with Eurasia and has been supporting Eurasia over the long term from funding first production in 2016 to the most recent participation in a capital market transaction in 2020 at 22.5p. We are pleased to help Eurasia achieve its goals in the near future and we are delighted with the continued support and belief held by the Directors and major shareholders contributing alongside us, as our interests continue to be aligned with the Company".
NEAR FUTURE