Source - RNS
RNS Number : 4120K
Eurasia Mining PLC
21 September 2016
 

 

Eurasia Mining plc (AIM: EUA)

("Eurasia" or the "Company")

Issue of equity in lieu of creditors fees and directors remunerations

 

Further to the announcement of earlier today, the Company confirms that it has issued a further 22,783,077 ordinary shares ("New Shares") in the Company at a price of 0.65p to various creditors in lieu of fees and to directors of the Company in lieu of directors remunerations.

Of the New Shares, 8,069,231 Ordinary Shares are being issued to directors as set out as follows:

Name

Number of New Shares

 Total Number of Ordinary Shares held

Percentage of total issued share capital

Christian Schaffalitzky

6,153,846

44,869,088

3.08%

Gary Fitzgerald

569,231

18,608,387

1.28%

Michael Martineau

769,231

17,831,403

1.22%

Dmitry Suschov*

576,923

284,877,066

19.55%

 

* Dmitry Suschov is deemed to have an interest in 284,877,066 Ordinary Shares representing 19.55% of the issued share capital of the Company, of which 234,500,000 Ordinary Shares are held by Deloan Investments Limited, a company controlled by Mr Suschov.

Application will be made for the New Shares to be admitted to trading on AIM and dealings in these shares are expected to commence on the 27 September 2016. 

Following this share issue the total number of issued ordinary shares in the Company will then be 1,457,457,594 ordinary shares and consequently the total number of voting rights in the Company will be 1,457,457,594. 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.

 

Enquiries:

 Eurasia Mining Plc

Christian Schaffalitzky/Michael de Villiers

+44 (0)207 932 0418

 

WH Ireland Limited

Katy Mitchell/Nick Prowting

+44 (0)161 832 2174

Beaufort Securities

Elliot Hance

+44 (0)207 382 8300

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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