Issue of Equity

RNS Number : 8451A

Eurasia Mining PLC

04 April 2012

 



Eurasia Mining plc

("Eurasia" or the "Company")

Completion of Private Placement

The Company is pleased to announce that it has issued 288,500,000 ordinary shares of 0.1p each in the share capital of the Company to Queeld Ventures Limited ("Queeld Ventures"), at a price of 1p per ordinary share ("New Ordinary Shares").

Following the issue of the New Ordinary Shares, Queeld Ventures will hold 29.88% of the total issued share capital of the Company.

Queeld Ventures is wholly owned and controlled by Kipford Ventures Limited ("Kipford"). Kipford. Kipford is wholly owned by L. Ananieva.

Application will be made for the New Ordinary Shares to be admitted to trading on AIM and dealings in these shares are expected to commence on 12 April 2012.

Commenting on the placing, Managing Director Christian Schaffalitzky said: "We are pleased with this placing of £2.885 million that will help us take West Kytlym project to production and to develop other Eurasia projects. We look forward to progessing our business to the benefit of all shareholders".

The total number of issued ordinary shares in the Company, including the New Ordinary Shares, will then be 965,468,701 Ordinary Shares and consequently the total number of voting rights in the Company is 965,468,701.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, or a change to their interest in, the share capital of the Company under the Disclosure and Transparency Rules.

For more information please contact:

Eurasia Mining
Christian Schaffalitzky / Michael de Villiers	Tel: [phone]
Katy Mitchell, WH Ireland Limited	Tel: [phone]

 

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