Business
Fundraise to raise gross proceeds of circa £3.15m
Fundraise to raise gross proceeds of circa £3.15m.
About this update from Eurasia Mining Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, TO U.S. NEWSWIRE SERVICES OR IN THE UNITED STATES OR IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.\n \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED IN REGULATION NO. 596/2014 (AS IT FORMS PART OF RETAINED EU LAW AS DEFINED IN THE EUROPEAN UNION (WITHDRAWAL) ACT 2018) AND IS IN ACCORDANCE WITH THE COMPANY'S OBLIGATIONS UNDER ARTICLE 7 OF THAT REGULATION.\n \nThis Announcement contains inside information for the purposes of the UK version of the market abuse regulation (EU No. 596/2014) as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018 as amended by the European Union (Withdrawal) Act 2020 (\"UK MAR\"). In addition, market soundings (as defined in UK MAR) were taken in respect of certain of the matters contained in this Announcement, with the result that certain persons became aware of such inside information, as permitted by UK MAR. Upon the publication of this Announcement, this inside information is now considered to be in the public domain and such persons shall therefore cease to be in possession of inside information.\n \nEURASIA MINING PLC\n(\"Eurasia\" or \"the Company\")\nFundraise to raise gross proceeds of circa £3.15 million\nStrategic investment from institutions replacing Sanderson Loan for dual listing\n28 March 2025\nEurasia Mining Plc (\"Eurasia\" or the \"Company\"), the iridium, osmium, palladium, platinum, rhodium, ruthenium and gold mining company, is pleased to announce that it has entered into a securities purchase agreement for a strategic private placement (the \"Private Placement\") of 72,033,188 new ordinary shares of 0.1 p each in the Capital the Company (\"Ordinary Shares\")and warrants (the \"Warrants\") to purchase up to 72,033,188 ordinary shares (the \"Warrant Shares\") to US and UK institutional investors (the \"US and UK Institutions\") at the price of 4.37p per Ordinary Share (the \"Placing Shares\") (5% discount to the latest closing bid price) and at the price of 8.74p for associated Warrant (100% premium to the placing price), for gross proceeds of approximately £3.15m, or approximately US$4m (no...