Issue of Equity & Directors' Holdings

RNS Number : 1991D

Eurasia Mining PLC

24 June 2019

 

Eurasia Mining plc ("Eurasia" or "the Company"),

Issue of Equity & Directors' Holdings

Eurasia Mining plc ("Eurasia" or "the Company"), the PGM and gold producing company, announces that it has today issued  25,273,400 ordinary shares of 0.1 pence at 0.5 pence per share, being the closing price on 21 June 2019 (the "New Shares") in settlement of invoices for various services including accrued directors fees.

The Directors and management have decided to continue to receive their compensation in shares and to reinvest the cash generated by the mining at West Kytlim into further expansion of production. It is expected that this will accelerate the payback to the Company and its shareholders and is a further demonstration of Directors' confidence in the Company's operations. .

Of the New Shares:

(i) 8,500,000 ordinary shares are being issued to Executive Chairman Christian Schaffalitzky, in lieu of £42,900 accrued directors fees, bringing his total holding to  89,569,517 ordinary shares or 3.60 % of issued share capital;

(ii) 9,920,000 ordinary shares are being issued to Non-Executive Director Dmitry Suschov, in lieu of £49,600 accrued consulting and director's fees, bringing his total holding, including shares held in a company in which he owns and controls, to 465,647,496 ordinary shares or 18.72% of issued share capital ; and

(iii) A further 6,853,400 ordinary shares are issued at 0.5 pence to consultants in lieu of accrued fees.

Accordingly, the Company has today issued a total of  25,273,400 new ordinary shares ("New Shares"). Application has been made to admit the New Shares to trading on AIM and dealings in the New Shares are expected to commence at 8:00am on or around the 28 June 2019 ("Admission")

Following Admission, the total number of issued ordinary shares in the Company will be 2,487,751,921 ordinary shares and consequently the total number of voting rights in the Company will be 2,487,751,921. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in the share capital of the Company under the Disclosure and Transparency Rules.

Enquiries:

Eurasia Mining Plc

Christian Schaffalitzky

[phone]

WH Ireland Limited (Nomad and Joint Broker)

Katy Mitchell / James Sinclair-Ford

[phone]

First Equity Limited (Joint Broker)

Jason Robertson

Tel: [phone]

Optiva Securities (Joint Broker)

Christian Dennis

Tel: [phone]

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Christian Schaffalitzky
2	Reason for the notification
a)	Position/status	Executive Chairman
b)	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Eurasia Mining plc
b)	LEI	2138 00VW NISV 35PT I539
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Shares GB0003230421
b)	Nature of the transaction	Share in lieu of payment
c)	Price(s) and volume(s)	Price(s) Volume(s) Shares 0.05p 8,500,000
d)	Aggregated information -    Aggregated volume -    Price	8,500,000 0.5p
e)	Date of the transaction	24 June 2019
f)	Place of the transaction	London, UK

 NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Dmitry  Suschov
2	Reason for the notification
a)	Position/status	Director
b)	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Eurasia Mining plc
b)	LEI	2138 00VW NISV 35PT I539
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Shares GB0003230421
b)	Nature of the transaction	Share in lieu of payment
c)	Price(s) and volume(s)	Price(s) Volume(s) Shares 0.5p 9,920,000
d)	Aggregated information -    Aggregated volume -    Price	9,920,000 0.5p
e)	Date of the transaction	24 June 2019
f)	Place of the transaction	London, UK

 

END

 

 

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