Issue of Equity - Replacement

RNS Number : 6305V

Eurasia Mining PLC

04 November 2010

 



The following amendment has been made to the 'Issue of Equity' announcement released on 3 November 2010 at 10:38 am under RNS No 5363V.

The Company raised £1,325,750 by way of a placing of 132,575,000 new ordinary shares, not 132,750,000.

All other details remain unchanged.

The full amended text is shown below.

Eurasia Mining plc

("Eurasia" or the "Company")

Completion of Placing

The Company is pleased to announce that it has raised £1,325,750 by way of a placing of 132,575,000 new ordinary shares of 0.1p each ("Placing Shares") at 1p per share with an additional warrant for every two placing shares subscribed for ("Warrant"), through WH Ireland Limited and WHI Stockbrokers Limited (the "Placing").

Application will be made for the Placing Shares to be admitted to AIM and dealings in the Placing Shares are expected to commence on 9 November 2010.

It is agreed that the Warrant will be exercisable at any time from the date of issue, for a period of 12 months; at a price of 1p per ordinary share.

The total number of issued ordinary shares in the Company, including the issue of Placing Shares, but excluding the issue of the Warrants, will be 582,046,666 Ordinary Shares.

The proceeds of the Placing will be used to fund the ongoing exploration activities of the Company.

For more information please contact:

Eurasia Mining

Christian Schaffalitzky / Michael de Villiers                            Tel: [phone]

Katy Mitchell, WH Ireland Limited                                           Tel: [phone]

 

END

 

 

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