Last checked at 6 Oct 2010 09:01
Eurasia Mining plc
("Eurasia" or the "Company")
Issue of Equity
The Company is pleased to announce that it has received notice that existing shareholders are to exercise 27,841 warrants over ordinary shares of 0.1p each at a price of 1p per share (the "Warrant Shares"). These Warrants were issued to shareholders pursuant to the re-structuring of the Company on 5 June 2009.
In addition, the Company confirms that it has received notice that Deloan Investments Limited, an entity owned and controlled by Dmitry Suschov, a director of the Company, is to exercise 25,000,000 warrants over ordinary shares of 0.1p each at a price of 1p per share (the "Deloan Shares").
Application will be made for the Warrant Shares and the Deloan Shares to be admitted to trading on AIM and dealings in these shares are expected to commence on 11 October 2010.
As a consequence of the issue of the Warrant Shares and the Deloan Shares, the Company has raised £250,278 which will be used for working capital purposes.
The total number of issued ordinary shares in the Company, including the Warrant Shares and the Deloan Shares, will now be 449,471,666 Ordinary Shares of which Deloan holds 225,000,000, representing 50.06% of the total issued share capital of the Company.
For more information please contact:
| Eurasia Mining |
|
| Christian Schaffalitzky / Michael de Villiers
| Tel: +44 (0) 207 932 0418 |
| Katy Mitchell, WH Ireland Limited | Tel: +44 (0) 161 832 2174 |