Intention to Collaborate

RNS Number : 1338W

Eurasia Mining PLC

12 November 2010

 



Eurasia Mining plc

("Eurasia" or the "Company")

Intention to Collaborate

The Company is pleased to announce it has agreed in principle to collaborate with Premier Management Holdings plc ("Premier") in its proposed mineral exploration and development strategy in Central Asia.

Premier is an AIM quoted investment company which is developing a new mineral resources strategy. Its stated objection is to create value for its shareholders through the acquisition of early stage mining projects. It is the intention of Premier and Eurasia that, for a fee yet to be determined, Eurasia will provide ongoing technical support and management to Premier in the implementation of this strategy.

Christian Schaffalitzky, the Chief Executive Officer of Eurasia, has from today also been appointed as a non-executive director of Premier to assist with this approach.

A further announcement will be made if any agreements relating to this arrangement are executed.

Christian Schaffalitzky commented "We believe this is an exciting opportunity for Eurasia which will enable Premier to utilise our skill set whilst potentially creating an interesting diversification of Eurasia's exploration strategy."

For more information please contact:

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

 

END

 

 

MSCKKBDPABDDQDD