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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Eurasia Mining Plc | LSE:EUA | London | Ordinary Share | GB0003230421 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.45 | 1.40 | 1.50 | 1.45 | 1.45 | 1.45 | 2,916,033 | 07:42:15 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Miscellaneous Metal Ores,nec | 120k | -5.84M | -0.0020 | -7.25 | 41.54M |
TIDMEUA
RNS Number : 7566X
Eurasia Mining PLC
14 August 2018
Eurasia Mining plc (AIM: EUA)
("Eurasia" or the "Company")
Exercise of Lender Warrants and TVR
Eurasia Mining plc (AIM: EUA) ("Eurasia Mining" or the "Company") the PGMs (Platinum Group Metals) and Gold mining company announces that it has received a notice of exercise of warrants for 109,196,618 new ordinary shares in the Company by convertible loan note holder YA II PN Ltd.
As reported by RNS on 14 December 2017, the Company entered into an amendment to the US$1.25m facility arranged by Riverfort Global Capital Ltd ("Riverfort") that commenced as announced on 19 May 2017. As part of the amendment to extend the term of the loan, the Company agreed with Riverfort to issue to YA II PN Ltd 109,196,618 warrants for new ordinary shares in Eurasia Mining at an exercise price of 0.34p (the "YA Shares"). Accordingly the Company has received approximately GBP371,000 and issued 109,196,618 new ordinary shares. An application will be made for the YA Shares to be admitted to trading on AIM on or around 20 August 2018.
Total Voting Rights
Following the issue of the new shares the total number of issued ordinary shares in the Company will be 2,226,763,387 ordinary shares and consequently the total number of voting rights in the Company will be 2,226,763,387. 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 the share capital of the Company under the Disclosure and Transparency Rules.
Balance of Yorkville Advisors Loan due for Repayment
Under the convertible loan facility arranged by Riverfort and following part payment in cash of approximately GBP300,000 announced on 10(th) May 2018, shareholders are notified that approximately GBP487,000 will be the final amount due and payable to Yorkville Advisors which is to occur on or before 15 September 2018. Payment in full of the remaining principal and interest owing, shall be made either in cash or, at the election of the YA II PN Ltd, in new ordinary shares in Eurasia Mining at the lower of 0.34p per share and 90 per cent of the lowest daily VWAP for the five trading days immediately preceding the date of the conversion notice.
Enquiries:
Eurasia Mining PLC Tel: +44 (0)207 932 0418 Christian Schaffalitzky / Keith Byrne WH Ireland Limited (Nominated Adviser & Broker) Tel: +44 (0)161 832 2174 Katy Mitchell / James Sinclair-Ford First Equity Limited (Joint Broker) Tel: +44 (0)20 7374 2212 Jason Robertson
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
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(END) Dow Jones Newswires
August 14, 2018 05:45 ET (09:45 GMT)
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