Eurasia Mining PLC (AIM:EUA), the palladium, platinum, rhodium, iridium and gold mining company, has provided an update on a legal dispute between shareholders Queeld Ventures Limited and Mispare Limited.
In 2018, Queeld and Mispare applied to Eurasia for the issue of replacement share certificates in respect of their respective shareholdings.
This March, following a further hearing at which representations were made on behalf of these third parties, the court gave directions for further consideration of the question of whether the share certificates should be released.
It is currently anticipated that a court hearing will be held in June to determine the matter, and whether the share certificates can be released to Queeld and Mispare.
“Eurasia's position is neutral, and it will abide by any order made by the court in due course,” the company today stated.