Last checked at 22 Mar 2024 09:26
22 March 2024
Eurasia Mining Plc
Replacement of Queeld & Mispare share certificates
Eurasia Mining Plc ("Eurasia" or the "Company"), the palladium, platinum, rhodium, iridium and gold mining company, announces the following regarding the previously notified legal dispute with Queeld Ventures Limited and Mispare Limited:
Queeld Ventures Limited and Mispare Limited (respectively "Queeld" and "Mispare") are registered shareholders in Eurasia Mining PLC ("Eurasia"). In or about July 2018, Queeld and Mispare applied to Eurasia for the issue of replacement share certificates in respect of their respective shareholdings.
On 6 March 2024, the Company announced the state of the dispute and the ongoing legal discussions, related to communications received from third parties in response to the announcement of 15 November 2023.
On 13 March 2024, following a further hearing at which representations were made on behalf of these third parties, the Court gave directions for further consideration of the question of whether the share certificates should be released. It is currently anticipated that a Court hearing will be held in June 2024, at which the Court will determine the matter, and whether the share certificates can be released to Queeld and Mispare.
Eurasia's position is neutral, and it will abide by any Order made by the Court in due course.
For further information, please contact:
Eurasia Mining Plc
Christian Schaffalitzky
info@eurasiamining.co.uk
SP Angel Corporate Finance LLP (Nomad and Broker)
Jeff Keating / David Hignell / Adam Cowl
+44 (0)20 3470 0470
Yellow Jersey PR (Financial PR)
Charles Goodwin / Shivantha Thambirajah
+44 (0)207 932 0418
eurasia@yellowjerseypr.com