leadf
logo-loader
viewEurasia Mining PLC

Eurasia Mining appoints new Nomad and NED, updates on suspension

The miner said it has appointed SP Angel as its nomad and joint broker with immediate effect

Eurasia Mining PLC - Eurasia Mining appoints new Nomad and NED, updates on suspension
Qualified lawyer and corporate financier Iain Rawlinson will join Eursia's board as a non-executive director

Eurasia Mining PLC (LON:EUA) said it has appointed a new nominated adviser (Nomad) and a non-executive director as well as updating on the status of its shares, which are currently suspended from trading on AIM.

The company said it has appointed SP Angel as its nomad and joint broker with immediate effect, and added that qualified lawyer and experienced corporate financier Iain Rawlinson will join the board as a non-executive director.

READ: Eurasia Mining chairman says operations ‘ongoing’ without any impact from coronavirus pandemic

Eurasia said Rawlinson had held senior independent board appointments in the corporate sector including Lithic Metals and Energy PLC, Dana Petroleum PLC, The Monarch Group, and Parkmead Group PLC.

Meanwhile, the company said it will make a further announcement in due course regarding the status of CITIC Merchant Co Limited’s role and strategic options in its current mining assets, and that its shares will remain suspended pending further notification.

"The directors are pleased to engage with SP Angel, a leading adviser to mining companies on the AIM market of the London Stock Exchange, as well as appropriately qualified with in-house mining sector expertise”, Eurasia’s executive chairman Christian Schaffalitzky said in a statement.

“We are also delighted to welcome Iain to the Board, who as a qualified lawyer and M&A practitioner will strengthen our execution team, while we are making progress on our M&A plans", he added.

Quick facts: Eurasia Mining PLC

Price: 17.75 GBX

AIM:EUA
Market: AIM
Market Cap: £489.67 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Eurasia Mining PLC named herein, including the promotion by the Company of Eurasia Mining PLC in any Content on the Site, the Company receives...

FOR OUR FULL DISCLAIMER CLICK HERE

Market Report: FTSE falls as dollar weakness strengthens pound

The FTSE 100 starts on the back foot this Tuesday as dollar weakness strengthens sterling. The London bourse is taking its lead from global stocks after the US imposed fresh sanctions on Chinese telecoms group Huawei. Marks & Spencer (LON:MKS) is cutting 7,000 jobs over the next three...

on 18/8/20

2 min read