Eurasia Mining PLC
26 November 2007
Eurasia Mining plc
('Eurasia' or the 'Company')
Issue of Equity
The Company confirms today that it has issued 220,274 ordinary shares of 5p each
in the Company ('New Ordinary Shares'), to certain directors, as set out below.
The shares were issued pursuant to the terms of the Convertible Redeemable Loan
Notes 2008 ('Loan Notes') which, as set out in the Loan Note Deed dated 31 March
2006, permits the holders to convert interest owing to them as holders of Loan
Notes into Ordinary Shares in the Company at a price of 5p per share
Director Interest to settle Ordinary Shares Issued
Christian Schaffalitzky £4,000 80,000
Gary Fitzgerald £4,000 80,000
Michael Martineau* £3,013.70 60,274
*the Loan Notes are held by Mr Martineau's wife.
Total 220,274
Application has been made for the New Ordinary Shares to be traded on AIM and
dealings in the New Ordinary Shares are expected to commence on 30 November
2007. Following the issue of the New Ordinary Shares the total number of shares
in the Company is 141,076,381 (the 'Enlarged Share Capital').
Following the issue of the New Ordinary Shares Christian Schaffalitzky holds
1,966,866 ordinary shares, representing 1.4% of the Enlarged Share Capital; Gary
Fitzgerald holds 1,326,295 ordinary shares, representing 0.9% of the Enlarged
Share Capital and Michael Martineau holds 996,366 ordinary shares, representing
0.7% of the Enlarged Share Capital.
For further information, please contact:
Christian Schaffalitzky, Eurasia Mining plc - 020 7495 4877
David Youngman, WH Ireland Limited - 0161 832 2174
This information is provided by RNS
The company news service from the London Stock Exchange
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Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
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