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3 Nov 2023 07:05
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED IN REGULATION NO. 596/2014 (AS IT FORMS PART OF RETAINED EU LAW AS DEFINED IN THE EUROPEAN UNION (WITHDRAWAL) ACT 2018) AND IS IN ACCORDANCE WITH THE COMPANY'S OBLIGATIONS UNDER ARTICLE 7 OF THAT REGULATION.
3 November 2023
Eurasia Mining Plc
Exercise of Options
Eurasia Mining Plc ("Eurasia" or the "Company"), the palladium, platinum, rhodium, iridium and gold mining company, announces that it has received notice to exercise options from Christian Schaffalitzky, the Company's Executive Chairman, to subscribe for a total of 6,000,000 new ordinary shares of 0.1 pence each ("Option Shares") (the "Exercise"). These share options were due to expire on 2 November 2023.
The 6,000,000 Option Shares were exercised at 0.42 pence each and the total proceeds from the Exercise are £25,200.
Following the Exercise, Mr Schaffalitzky has a beneficial interest in 95,569,517 of the Company's ordinary shares of 0.1 pence each ("Ordinary Shares"), representing 3.4% of the Company's issued share capital, with voting rights.
Application for Admission
Application has been made for the Option Shares to be admitted to trading on AIM ("Admission") and dealings are expected to commence on or around 8 November 2023. The Option Shares will rank pari passu in all respects with the Company's existing Ordinary Shares.
Outstanding Options and Warrants
The remaining share options which were due to expire on 2 November 2023 have now lapsed. As such the Company has the following outstanding share options and warrants:
· 53,306,751 warrants exercisable at 26.5 pence, expiring 20 May 2024; and
· 41,551,563 warrants exercisable at 26.0 pence, expiring 20 September 2024.
Total voting rights
Following Admission, the Company will have 2,864,559,995 Ordinary Shares in issue. The Company has no shares in treasury, therefore the figure of 2,864,559,995 Ordinary Shares should be used by shareholders for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
For further information, please contact:
Eurasia Mining Plc
Christian Schaffalitzky/ Keith Byrne
+44 (0)207 932 0418
SP Angel Corporate Finance LLP (Nomad and Broker)
Jeff Keating / David Hignell / Adam Cowl
+44 (0)20 3470 0470
Notification of transaction by Person Discharging Managerial Responsibilities ("PDMR")
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Christian Schaffalitzky
| ||||
2 | Reason for the notification | |||||
a) | Position/status | Executive Chairman
| ||||
b) | Initial notification/Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Eurasia Mining plc | ||||
b) | LEI | 213800VWNISV35PTI539 | ||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument, type of instrument
Identification code | Ordinary Shares of 0.1 pence each
GB0003230421 | ||||
b) | Nature of the transaction | Exercise of 6,000,000 new ordinary shares of 0.1 pence for cash | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information | N/A | ||||
e) | Date of the transaction | 2 November 2023 | ||||
f) | Place of the transaction | Outside a Trading Venue | ||||
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