Eurasia Mining Regulatory News (EUA)

10 Oct 2008 15:01

Eurasia Mining plc

(the "Company")

Issue of Equity

Change in Directors Shareholdings

The Company confirms today that it has issued 300,822 new ordinary shares of 5p each in the Company ("Ordinary Shares"), to certain directors, as set out below. 

The shares were issued pursuant to the terms of the Convertible Redeemable Loan Notes 2008 ("Loan Notes") which, as set out in the Loan Note Deed dated 31 March 2006, permits the holders to convert interest owing to them as holders of Loan Notes into Ordinary Shares in the Company at a price of 5p per share:

*the Loan Notes are held by Mr Martineau's wife.

(together the "Interest Shares")

Application has been made for the Interest Shares to be admitted to trading on AIM and dealings in the Interest Shares are expected to commence on 16 October 2008.

Following the issue of the Interest Shares the total number of shares in issue in the Company is 141,377,203 of which Christian Schaffalitzky is interested in 3,017,140 Ordinary Shares, representing 2.13 % of the Company's enlarged issued share capital, Gary Fitzgerald is interested in 1,426,569 Ordinary Shares, representing 1.01 % of the Company's enlarged issued share capital and Michael Martineau is interested in 1,096,640 Ordinary Shares, representing 0.78 % of the Company's enlarged issued share capital. 

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