Eurasia Mining Regulatory News (EUA)

RNS Number : 0045Z

Eurasia Mining PLC

11 December 2017

 

Eurasia Mining plc (AIM: EUA) 

("Eurasia" or the "Company")

Issue of Equity and Directors Holdings

Eurasia Mining plc ("Eurasia" or "the Company"), the PGM mining and exploration company, announces that it has issued 220,336,028 ordinary shares of 0.1 pence at 0.28 pence per share (the "New Shares") in settlement of invoices for various services including accrued directors fees.

Of the New Shares:

(i) 18,778,596 ordinary shares are being issued to Managing Director Christian Schaffalitzky, in lieu of of accrued directors fees, bringing his total holding to 68,475,270 or 3.71% of issued share capital;

(ii) 1,785,714 ordinary shares are being issued to Non-Executive Director Gary Fitzgerald, in lieu of accrued directors fees, bringing his total holding to 20,394,101 or 1.1% of issued share capital;

(iii) 16,718,693 ordinary shares are being issued to Non-Executive Director Dmitry Suschov, in lieu of accrued consulting and directors fees

(iv) 133,761,370 ordinary shares are being issued to the Deloan Investments Limited controlled by Non-Executive Director Dmitry Suschov for the conversion of the USD500,000 Loan Notes and with shares under point (iii) above making total issued 150,480,063 shares, bringing his total holding to 435,357,129 or 23.56% of issued share capital;

A further 49,291,655 shares are issued at 0.28 pence to other suppliers in lieu of accrued fees.

Accordingly the Company has today issued a total of 220,336,028 New Shares and dealings in these shares are expected to commence on the 15 December 2017.

Following the issue of the new shares the total number of issued ordinary shares in the Company will be 1,847,847,150 ordinary shares and consequently the total number of voting rights in the Company will be 1,847,847,150. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in the share capital of the Company under the Disclosure and Transparency Rules.

Christian Schaffalitzky, Executive Chairman commented: "We are pleased that Dmitry Suschov has foregone the interest due as well as agreeing to the early conversion of the loan, in return for exercising at 0.28p instead of 0.475p originally agreed in 24 May 2017."

 

Enquiries:

Eurasia Mining Plc

Christian Schaffalitzky

+44 (0)207 932 0418

 

WH Ireland Limited

Katy Mitchell/James Sinclair-Ford

+44 (0)161 832 2174

 Beaufort Securities

Elliot Hance

+44 (0)207 382 8300

This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Christian Schaffalitzky
2	Reason for the notification
a)	Position/status	Managing Director, Eurasia Mining plc
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	Purchase of shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 0.28 pence 18,778,596
d)	Aggregated information - Aggregated volume - Price	18,778,5960.28 pence
e)	Date of the transaction	11 December 2017
f)	Place of the transaction	London Stock Exchange, AIM

 

 

 

 

This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Gary Fitzgerald
2	Reason for the notification
a)	Position/status	Non Executive Director, Eurasia Mining plc
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	Purchase of shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 0.28 pence 1,785,714
d)	Aggregated information - Aggregated volume - Price	1,785,7140.28 pence
e)	Date of the transaction	11 December 2017
f)	Place of the transaction	London Stock Exchange, AIM

 

 

 

 

This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Dmitry Suschov
2	Reason for the notification
a)	Position/status	Non Executive Director, Eurasia Mining plc
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	Purchase of shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 0.28 pence 150,480,063
d)	Aggregated information - Aggregated volume - Price	150,480,0650.28 pence
e)	Date of the transaction	11 December 2017
f)	Place of the transaction	London Stock Exchange, AIM

 

 

 

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