Eurasia Mining PLC Conversion Notice - Issue of Equity (2920G)
February 28 2018 - 9:59AM
UK Regulatory
TIDMEUA
RNS Number : 2920G
Eurasia Mining PLC
28 February 2018
Eurasia Mining plc (AIM: EUA)
("Eurasia" or the "Company")
Conversion Notice - Issue of Equity
Eurasia hereby acknowledges receipt of a notice to convert a
portion of the outstanding principal on the Convertible Loan
Agreement dated 15 May 2017 and subject to amendments as set out in
RNS dated 15 December 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 that agreement (please see
RNS dated 19 May 2017).
As per the conversion notice dated 26 February 2018 a total
amount of US$50,000 (GBP35,775) is converted at a share price of
0.34p being the fixed conversion price and the lower of the fixed
conversion price and 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 10,522,058
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 or around 06 March 2018.
Following the issue of the new shares, the total number of
issued ordinary shares in the Company is 1,858,369,208 ordinary
shares and consequently the total number of voting rights in the
Company is 1,858,369,208. 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/Keith Byrne
+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 announcement contains inside information for the purposes
of Article 7 of Regulation 596/2014.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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