Loan Conversion

RNS Number : 4771A

Eurasia Mining PLC

22 December 2014

 



Eurasia Mining plc

("the Company" or "Eurasia")

Loan Conversion

The Company confirms it has issued to Dmitry Suschov, a director of the Company, 11,580,776 ordinary shares of 0.01 pence each in the share capital of the Company at a price of 0.55 pence per ordinary share ("New Ordinary Shares"). Following the issue of the New Ordinary Shares, Dmitry Suschov and a related party, Deloan Investments Limited, a company which is wholly owned and controlled by Dmitry, will hold 24.52% of the total issued share capital of the Company. The New Ordinary Shares were issued in full satisfaction of a £63,694 interest free loan advanced by Dmitry Suschov to the Company (the "Loan").  

Application has been made for the New Ordinary Shares to be admitted to trading on AIM and dealings in these shares are expected to commence on 30 December 2014.

The total number of issued ordinary shares in the Company, including the New Ordinary Shares, will then be 1,078,219,874 Ordinary Shares and consequently the total number of voting rights in the Company is 1,078,219,874. 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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