Completion of US$20m financing for Rosgeo JV
Source: RNS
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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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