Eurasia Mining PLC Issue of Equity (4455O)
August 18 2017 - 8:40AM
UK Regulatory
TIDMEUA
RNS Number : 4455O
Eurasia Mining PLC
18 August 2017
Eurasia Mining plc (AIM: EUA)
("Eurasia" or the "Company")
Issue of Equity
Eurasia herby acknowledge receipt of a notice to convert a
portion of the outstanding principal and interest on the
Convertible Loan Agreement dated 15 May 2017 between YA II PN, Ltd.
("YA II") and Eurasia, into ordinary shares in the capital of the
Company, according to the conditions outlined in the agreement
(please see RNS dated 19 May 2017)
As per the conversion notice for the amount of $49,589.04
(GBP35,371.86) to be converted at a share price of 0.3974p being
90% of the lowest Daily VWAP during the 5 trading days immediately
preceding the date of the conversion notice.
Accordingly, the Company has today issued a total of 8,900,820
Ordinary Shares (the "New Shares") in favour of YA II PN Ltd.
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 24 August 2017.
Following the issue of the new shares the total number of issued
ordinary shares in the Company will then be 1,551,951,309 ordinary
shares and consequently the total number of voting rights in the
Company will be 1,551,951,309. 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/James Sinclair-Ford
+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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