Eurasia Mining PLC

Published : May 31st, 2016

Issue of Equity and Repayment of Debt

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Keywords :   Debt | Ireland | Russia | Transparency | Vote |

Issue of Equity and Repayment of Debt

Eurasia Mining plc (AIM: EUA)

('Eurasia' or the 'Company')

Issue of Equity

Repayment of Debt

Eurasia Mining plc ('Eurasia' or 'the Company'), the PGM exploration and development company focused on Russia, announces that it has issued 9,090,909 Ordinary Shares of 0.1 pence at 0.55 pence per share (the 'New Shares') in settlement of invoices for various services. In addition the Company confirms that is has repaid the loan of £250,000 (plus charges) provided by Sanderson Capital Partners Limited earlier this year, more details of which are set out in the announcement dated 12 February 2016.

Application will be made for the New Shares, which rank pari passu with all existing ordinary shares, to be admitted to trading on AIM ('Admission'). Admission is expected to take place on or around 3 June 2016.

Following the issue of the New Shares the number of Ordinary Shares in issue will increase to 1,404,954,237. For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules ('DTRs'), the issued ordinary share capital of the Company following this allotment consists of 1,404,954,237 Shares with voting rights attached (one vote per Share). There are no Shares held in treasury. This total voting rights figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interests in, or a change to their interest in, Eurasia under the DTRs.

Enquiries:

Eurasia Mining Plc

Christian Schaffalitzky/Michael de Villiers

+44 (0)207 932 0418

WH Ireland Limited

Katy Mitchell/Nick Prowting

+44 (0)161 832 2174

Beaufort Securities

Elliot Hance

+44 (0)207 382 8300

John Beresford-Peirse

+44 (0)207 628 1128

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Data and Statistics for these countries : Ireland | Russia | All
Gold and Silver Prices for these countries : Ireland | Russia | All

Eurasia Mining PLC

PRODUCER
CODE : EUA.L
ISIN : GB0003230421
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Eurasia M is a nickel and palladium producing company based in United kingdom.

Eurasia M produces nickel, palladium, cobalt, copper, gold, ilmenite, platinum, rhodium, titanium and vanadium in Russia.

Its main assets in production are KOLA PENINSULA and KOLA PENINSULA in Russia and its main exploration properties are URALS PLATINUM PROJECT and URALS BEDROCK in Russia.

Eurasia M is listed in United Kingdom. Its market capitalisation is GBX 8.4 billions as of today (US$ 10.0 billions, € 8.8 billions).

Its stock quote reached its highest recent level on May 15, 1998 at GBX 95.00, and its lowest recent point on November 24, 2017 at GBX 0.00.

Eurasia M has 1 858 369 208 shares outstanding.

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Corporate news of Eurasia Mining PLC
8/1/2016Loan Agreement and Issue of Equity
7/28/2016Platinum refining and sales agreements
7/27/2016West Kytlim Mining operation update - July 2016
7/14/2016Audited results for the year ended 31 December 2015
7/13/2016Annual Results
7/4/2016Semenovsky Tailings Project & receipt of assays
6/30/2016Result of AGM
6/21/2016Mining start-up at West Kytlim
6/7/2016Annual Results for the 12 months ended 31 Dec 2015
5/31/2016Issue of Equity and Repayment of Debt
5/25/2016Contract Mining at West Kytlim
5/12/2016Issue of Equity
4/14/2015Business Milestone & Strategic Plan Update
11/27/2014Mining Licence Update
10/22/2014Award of Discovery Certificate
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