Last checked at 2 Mar 2018 13:32
Eurasia Mining plc (AIM: EUA)
("Eurasia" or the "Company")
Statement re Beaufort Securities Limited
The Company notes the announcement today regarding Beaufort Securities Limited ("BSL") and Beaufort Asset Clearing Services Limited ("BACSL") being placed into administration and that the Financial Conduct Authority (the "FCA") has imposed requirements on BSL and BACSL to cease all regulatory activity. As a result, the London Stock Exchange has suspended BSL's membership of the London Stock Exchange pending clarification of the firm's position.
BSL is a joint broker to the Company pursuant to the AIM Rules for Companies (the "AIM Rules"). As a result of the suspension of its membership to the London Stock Exchange, BSL will no longer be able to provide broking services to the Company in accordance with the AIM Rules.
WH Ireland Limited, the Company's NOMAD and other joint broker, will continue to provide broking services to the Company.
Shareholders should note that the company has signed a financial public relations agreement with Credit Suisse and is in discussions with other groups regarding project finance for its projects in Russia.
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Enquiries:
Eurasia Mining Plc
Christian Schaffalitzky/Keith Byrne
+44 (0)207 932 0418
WH Ireland Limited
Katy Mitchell/James Sinclair-Ford
+44 (0)161 832 2174