Issue of Equity

RNS Number : 6678O

Eurasia Mining PLC

01 July 2010

 



Eurasia Mining plc

("Eurasia" or the "Company")

Issue of Equity

The Company is pleased to announce that it has received notice that existing shareholders have exercised 2,424,806 warrants over ordinary shares of 0.1p each ("Ordinary Shares") at a price of 1p per share (the "Warrant Shares"). These Warrants were issued to shareholders pursuant to the re-structuring of the Company on 5 June 2009.

In addition, Deloan Investment Limited, a company owned and controlled by Dmitry Suschov, a director of the Company, has exercised 25,000,000 warrants over Ordinary Shares, at a price of 1p per share (the "Deloan Shares").

Finally, Christian Schaffalitzky, a director of the Company, has exercised 2,000,000 warrants over Ordinary Shares, at a price of 1p per share (the "Directors Shares").

The total number of Ordinary Shares now held by Deloan Investment Limited is 200,000,000 representing 47.12% of the total issued share capital of the Company.

The total number of Ordinary Shares now held by Christian Schaffalitzky is 12,911,168 representing 3.04% of the total issued share capital of the Company.

The total amount raised by the Company as a consequence of the exercise of these warrants is £294,248. 

Application will be made for the Warrant Shares, the Deloan Shares and the Directors Shares to be admitted to trading on AIM and dealings in these shares are expected to commence on 7 July 2010.

The total number of issued ordinary shares in the Company, including the Warrant Shares, will then be 424,443,825 Ordinary Shares. 

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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