Business
Exercise of Warrants and Options
Exercise of Warrants and Options.
About this update from Eurasia Mining Plc
[{"type":"text","content":"\n \nRNS Number : 7935C Eurasia Mining PLC 12 February 2020 \n\nEurasia Mining plc\n(\"Eurasia\" or \"the Company\")\nExercise of warrants and options\n \nEurasia Mining, the palladium, platinum, rhodium, iridium and gold producing company, operating the established West Kytlim Mine in the Urals, and also the operator of the Monchetundra Project comprising two predominately palladium open pit deposits near the town of Monchegorsk on the Kola Peninsula, is pleased to announce receipt of notification from both Sanderson Capital Partners ('Sanderson') and Optiva Securities ('Optiva'), to exercise 22,017,871 warrants (ordinary shares of 0.1 pence) in the share capital of the Company (\"the Warrant Shares\"). The consideration for the exercise of the Warrant Shares amounts, in aggregate, to a cash value of £225,001. The warrants represent the total amount of warrants held by Sanderson (20,000,000 warrants at 1.0p) and Optiva (2,017,871 warrants at 1.24p). \nIn addition, the Company announces it has received a notice to exercise 9,000,000 options (ordinary shares of 0.1 pence) in the share capital of the Company, being 8,000,000 options at an exercise price of 0.90 pence per share, and 1,000,000 options at an exercise price of 0.42 pence per share, (in aggregate, the \"Option Shares\"). The consideration for the exercise of the Option Shares amounts to a cash value of £76,200. These options were exercised by employees of the Company, not holding positions as directors of the Company or as senior management or as advisors to the board.\nAs mentioned in RNS on 11 Feb 2020, trading in the Company's shares is currently suspended. Application will be made for the Warrant Shares and Option Shares to be admitted to trading on AIM('Admission') as and when trading in the Company's shares resumes. These shares will rank pari passu with the ordinary shares of the Company in issue.\nTotal voting rights\nThe Company's total issued share capital upon Admission will be 2,724,774,624 ordinary shares. As the Company does not hold any shares in Treasury, this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Disclosur...