Eurasia Mining Issue of Equity

Date : 10/10/2008 @ 10:01AM
Source : UK Regulatory (RNS and others)
Stock : Eurasia Mining Plc (EUA)
Quote : 1.375  0.0 (0.00%) @ 2:48AM
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Eurasia Mining Issue of Equity

    RNS Number : 6069F
  Eurasia Mining PLC
  10 October 2008
   
    Eurasia Mining plc

    (the "Company")

    Issue of Equity
    Change in Directors Shareholdings

    The Company confirms today that it has issued 300,822 new ordinary shares of 5p each in
the Company ("Ordinary Shares"), to certain
directors, as set out below. 

    The shares were issued pursuant to the terms of the Convertible Redeemable Loan Notes 2008
("Loan Notes") which, as set out in the Loan
Note Deed dated 31 March 2006, permits the holders to convert interest owing to them as
holders of Loan Notes into Ordinary Shares in the
Company at a price of 5p per share:

 Director            Interest to settle  Ordinary Shares Issued
 Christian           £5,013.70           100,274
 Schaffalitzky       £5,013.70           100,274
 Gary Fitzgerald     £5,013.70           100,274
 Michael Martineau*

    *the Loan Notes are held by Mr Martineau's wife.

    (together the "Interest Shares")

    Application has been made for the Interest Shares to be admitted to trading on AIM and
dealings in the Interest Shares are expected to
commence on 16 October 2008.

    Following the issue of the Interest Shares the total number of shares in issue in the
Company is 141,377,203 of which Christian
Schaffalitzky is interested in 3,017,140 Ordinary Shares, representing 2.13 % of the Company's
enlarged issued share capital, Gary
Fitzgerald is interested in 1,426,569 Ordinary Shares, representing 1.01 % of the Company's
enlarged issued share capital and Michael
Martineau is interested in 1,096,640 Ordinary Shares, representing 0.78 % of the Company's
enlarged issued share capital. 

    For further information please contact:

 Eurasia Mining
 Christian Schaffalitzky /        Tel: +44 (0) 207 932 0418
 Michael de Villiers


 WH Ireland Ltd
 David Youngman                   Tel: +44 (0) 161 832 2174


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