Eurasia Mining PLC - Amendment: Exercise of Options, Warrants & Clause
The following amendment has been made to the "Exercise of Options and Warrants and Accelerator Clause Notice" announcement released on
The number of warrants exercised should have read as 1,166,668. Therefore, the total issued share capital upon Admission is 2,654,979,948 ordinary shares.
All other details remain unchanged.
The full amended text is shown below.
("Eurasia" or "the Company")
Exercise of Options and Warrants and Accelerator Clause Notice (amended)
Eurasia is pleased to announce that it has received notice to exercise warrants over 1,166,668 ordinary shares of
In addition, the Company announces it has received notice to exercise options over 11,000,000 ordinary shares of
Furthermore, the Company wishes to advise that the accelerator clause governing warrants associated with the
Application has been made for the Warrant Shares and Option Shares to be admitted to trading on AIM, and dealings are expected to commence on or around 19 November 2019 ("Admission"). These shares will rank pari passu with the ordinary shares of the Company in issue.
Total voting rights
The Company's total issued share capital upon Admission of the Warrant Shares and the Options Shares will be 2,654,979,948 ordinary shares. As the Company does not hold any shares in
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The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014
Shareholders are encouraged to follow the non-regulatory progress at the Company's mine and
Eurasia's two core projects are:
The West Kytlim operating mine (of which the Company owns 68%), which is the largest alluvial platinum reserve in the world currently, with 2,283 kilograms of raw platinum in reserves, and resources and resource potential to a further 10 tonnes of raw platinum. A single washplant has operated on site during 2018 and 2019, with further increases in production planned from multiple washplants. The mine was previously contracted to generate cashflow from which to finance further capitalisation of the asset. All contractors were retired from the operation in
This information is provided by RNS, the news service of the
Quick facts: Eurasia Mining PLC
Market Cap: £613.07 m
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