Eurasia Mining PLC - Update on Formal Sale Process
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Eurasia Mining Plc
Update on Formal Sale Process
Eurasia Mining Plc ("Eurasia" or the "Company"), the palladium, platinum, rhodium, iridium and gold producing company, is pleased to provide an update on the Formal Sale Process initiated by the Company under the
Since launching the Formal Sale Process on
Progress to date has been slower than expected reflecting the complexity of the process, involving several parties and structures, as well as external factors including COVID-19 related travel restrictions, and more recently delays resulting from western and Russian holiday periods. Notwithstanding these factors, discussions regarding proceeding to binding proposals are continuing. Until a transaction is finally concluded there can be no certainty that a transaction will occur or on what terms.
Further announcements will be made when appropriate.
A copy of this announcement is also available on Eurasia's website at:
For further information, please contact:
Eurasia Mining Plc
+44 (0) 20 7932 0418
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UBS Investment Bank (Financial adviser to Eurasia Mining Plc)
+44 (0) 20 7567 8000
About Eurasia Mining Plc
Eurasia Mining plc is a palladium, platinum, rhodium, iridium and gold producing company, operating the established
UBS AG London Branch is authorised and regulated by the Financial Market Supervisory Authority in
Quick facts: Eurasia Mining PLC
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