Eurasia Mining PLC (AIM:EUA, FRA:EUH) has successfully completed a US$15mln financing on terms that were originally announced on 20 September.
The cash balance of Eurasia now is about $35m with no debt
The financial position of the company is sufficient to accomplish its commitments in relation to the Rosgeo joint venture. A JORC resource by compiled by Wardell Armstrong is due to be announced shortly.
"The directors are pleased that more institutional investors have joined our shareholder base, as we reach another important milestone. We look forward to providing further updates," said Christian Schaffalitzky, executive chairman of Eurasia.