Eurasia Mining PLC Completion of US$20m financing for Rosgeo JV
May 26 2021 - 2:00AM
RNS Non-Regulatory
TIDMEUA
Eurasia Mining PLC
26 May 2021
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EURASIA MINING PLC
("Eurasia" or "the Company")
Completion of US$20m financing for Rosgeo JV
26 May 2021
Eurasia Mining Plc ("Eurasia" or the "Company"), the palladium,
platinum, rhodium, iridium and gold producing company, is pleased
to announce that the financing previously announced on 20 May 2021
was successfully completed yesterday at the purchase price of 26.5p
and on the other terms as per the previous RNS .
H.C. Wainwright & Co. acted as the exclusive placement agent
in the United States for this financing.
Comments
Christian Schaffalitzky, Executive Chairman commented: "The
Directors are delighted to close yet another important transaction
following the successful completion of the Rosgeo JV announced on
26 March 2021 that both put Eurasia in an even stronger position.
The Board is pleased that the institutional investors are
recognising the fundamentals of the Company. We look forward to
providing further updates".
ENQUIRIES:
Eurasia Mining Plc
Christian Schaffalitzky/ Keith Byrne
+44 (0)207 932 0418
SP Angel Corporate Finance LLP (Nomad and Joint Broker)
Ewan Leggat / David Hignell / Adam Cowl
+44 (0)20 3470 0470
Optiva Securities (Joint Broker)
Christian Dennis
Tel: +44 (0) 20 3137 1902
About Eurasia Mining Plc
Eurasia Mining plc is a palladium, platinum, rhodium, iridium
and gold producing company, operating the established West Kytlim
Mine in the Urals, and also the operator of the Monchetundra
Project comprising two predominantly palladium open pit deposits
located 3km away from Severonickel, one of Norilsk Nickel's largest
base metals and PGM processing facilities, near the town of
Monchegorsk on the Kola Peninsula.
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