Business
Issue of Equity and Directors' Holdings
Issue of Equity and Directors' Holdings.
About this update from Eurasia Mining Plc
[{"type":"text","content":"\n \nRNS Number : 0045Z Eurasia Mining PLC 11 December 2017 \n\nEurasia Mining plc (AIM: EUA) \n(\"Eurasia\" or the \"Company\")\nIssue of Equity and Directors Holdings\nEurasia Mining plc (\"Eurasia\" or \"the Company\"), the PGM mining and exploration company, announces that it has issued 220,336,028 ordinary shares of 0.1 pence at 0.28 pence per share (the \"New Shares\") in settlement of invoices for various services including accrued directors fees.\nOf the New Shares:\n(i) 18,778,596 ordinary shares are being issued to Managing Director Christian Schaffalitzky, in lieu of of accrued directors fees, bringing his total holding to 68,475,270 or 3.71% of issued share capital;\n(ii) 1,785,714 ordinary shares are being issued to Non-Executive Director Gary Fitzgerald, in lieu of accrued directors fees, bringing his total holding to 20,394,101 or 1.1% of issued share capital;\n(iii) 16,718,693 ordinary shares are being issued to Non-Executive Director Dmitry Suschov, in lieu of accrued consulting and directors fees\n(iv) 133,761,370 ordinary shares are being issued to the Deloan Investments Limited controlled by Non-Executive Director Dmitry Suschov for the conversion of the USD500,000 Loan Notes and with shares under point (iii) above making total issued 150,480,063 shares, bringing his total holding to 435,357,129 or 23.56% of issued share capital;\nA further 49,291,655 shares are issued at 0.28 pence to other suppliers in lieu of accrued fees.\nAccordingly the Company has today issued a total of 220,336,028 New Shares and dealings in these shares are expected to commence on the 15 December 2017.\nFollowing the issue of the new shares the total number of issued ordinary shares in the Company will be 1,847,847,150 ordinary shares and consequently the total number of voting rights in the Company will be 1,847,847,150. 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 the share capital of the Company under the Disclosure and Transparency Rules.\nChristian Schaffalitzky, Executive Chairman commented: \"We are pleased that Dmitry Suschov has foregone the interest due as well as agreeing to the early conversion of the loan, in return for exercising at 0.28p inst...