1 Jul 2010 15:14
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Eurasia Mining plc
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("Eurasia" or the "Company")
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Issue of Equity
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The Company is pleased to announce thatΒ it hasΒ received notice thatΒ existing shareholders have exercised 2,424,806Β warrants over ordinary shares of 0.1p each ("Ordinary Shares") at a price of 1p per shareΒ (the "Warrant Shares").Β These WarrantsΒ were issued to shareholders pursuant to the re-structuring of the Company onΒ 5 JuneΒ 2009.
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In addition, Deloan Investment Limited, a company owned and controlled by Dmitry Suschov, a director of the Company, has exercised 25,000,000 warrants over Ordinary Shares, at a price of 1p per share (the "Deloan Shares").
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Finally, Christian Schaffalitzky, a director of the Company, has exercised 2,000,000 warrants over Ordinary Shares, at a price of 1p per share (the "Directors Shares").
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The total number of Ordinary Shares now held by Deloan Investment Limited is 200,000,000 representing 47.12% of the total issued share capital of the Company.
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The total number of Ordinary Shares now held by Christian Schaffalitzky is 12,911,168 representing 3.04% of the total issued share capital of the Company.
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The total amount raised by the Company as a consequence of the exercise of these warrants is Β£294,248.
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ApplicationΒ will be made for the Warrant Shares, the Deloan Shares and the Directors Shares to beΒ admitted toΒ trading onΒ AIM and dealings in these shares areΒ expected to commence on 7 July 2010.
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The total number of issued ordinary shares in the Company, including the WarrantΒ Shares, willΒ thenΒ beΒ 424,443,825Β Ordinary Shares.Β
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For more information please contact:
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Eurasia Mining |
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Christian Schaffalitzky / Michael de Villiers Β |
Tel: +44 (0) 207 932 0418 |
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Katy Mitchell, WH Ireland Limited |
Tel: +44 (0) 161 832 2174 |
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