Last checked at 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:
| Director Christian Schaffalitzky Gary Fitzgerald Michael Martineau* | Interest to settle £5,013.70 £5,013.70 £5,013.70 | Ordinary Shares Issued 100,274 100,274 100,274 |
*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.
For further information please contact:
| Eurasia Mining Christian Schaffalitzky / Michael de Villiers WH Ireland Ltd David Youngman | Tel: +44 (0) 207 932 0418 Tel: +44 (0) 161 832 2174 |