Completion of US$20m financing for Rosgeo JV

RNS Number : 8041Z

Eurasia Mining PLC

26 May 2021

 

NOT FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, TO U.S. NEWSWIRE SERVICES OR IN THE UNITED STATES OR IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

EURASIA MINING PLC

("Eurasia" or "the Company")

Completion of US$20m financing for Rosgeo JV

26 May 2021

Eurasia Mining Plc ("Eurasia" or the "Company"), the palladium, platinum, rhodium, iridium and gold producing company, is pleased to announce that the financing previously announced on 20 May 2021 was successfully completed yesterday at the purchase price of 26.5p and on the other terms as per the previous RNS . 

H.C. Wainwright & Co. acted as the exclusive placement agent in the United States for this financing.

Comments

Christian Schaffalitzky, Executive Chairman commented: "The Directors are delighted to close yet another important transaction following the successful completion of the Rosgeo JV announced on 26 March 2021 that both put Eurasia in an even stronger position. The Board is pleased that the institutional investors are recognising the fundamentals of the Company. We look forward to providing further updates".

ENQUIRIES:

Eurasia Mining Plc

Christian Schaffalitzky/ Keith Byrne

[phone]

SP Angel Corporate Finance LLP (Nomad and Joint Broker)

Ewan Leggat / David Hignell / Adam Cowl

[phone]

Optiva Securities (Joint Broker)

Christian Dennis

Tel: [phone]

About Eurasia Mining Plc

Eurasia Mining plc is a palladium, platinum, rhodium, iridium and gold producing company, operating the established West Kytlim Mine in the Urals, and also the operator of the Monchetundra Project comprising two predominantly palladium open pit deposits located 3km away from Severonickel, one of Norilsk Nickel's largest base metals and PGM processing facilities, near the town of Monchegorsk on the Kola Peninsula.

IMPORTANT NOTICES

This Announcement or any part of it shall not cons ti tute or form part of any offer to issue or sell, or the solicita ti on of an offer to acquire, purchase or subscribe for, any securi ti es in the United States and in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The securities mentioned herein have not been and will not be registered under the United States Securi ti es Act of 1933, as amended (the " US Securi ti es Act "), or with any securi ti es regulatory authority of any state or jurisdic ti on of the United States, and may not be offered, sold or transferred, directly or indirectly, in or into the United States except pursuant to an exemp ti on from, or in a transac ti on not subject to, the registra ti on requirements of the US Securi ti es Act and in compliance with any applicable securi ti es laws of any state or other jurisdic ti on of the United States.

 

END

 

 

NRADKPBDDBKBKPB