Business
Memorandum of Understanding Signed with GoldMint
Memorandum of Understanding Signed with GoldMint.
About this update from Eurasia Mining Plc
[{"type":"text","content":"\n \nRNS Number : 2543Q Eurasia Mining PLC 08 September 2017 \n\nEurasia Mining plc (AIM: EUA)\n(\"Eurasia\" or the \"Company\") \nMemorandum of Understanding signed with GoldMint PTE LTD\n \nEurasia, the platinum, palladium, iridium, rhodium and gold production company, is pleased to announce it has entered into a Memorandum of Understanding with GoldMint PTE (\"GoldMint\"), a Singapore based Limited Company. It is agreed that where Eurasia identifies potential exploration and mining projects it may choose to collaborate with GoldMint on financing all or part of these projects, and ultimately managing all or part of the mine output. The agreement may also be applied to Eurasia's current projects and interests. \nGoldMint are developing a platform on which to establish a new means of managing physical gold assets, by applying blockchain technologies to make transactions backed by physical gold more fluid. \nAt this stage there is no specific understanding on the terms that any financing might take and neither party are obligated to progress on any venture, further updates will be provided in due course as appropriate. \n Enquiries:\nEurasia Mining Plc\nChristian Schaffalitzky/Michael de Villiers\n+44 (0)207 932 0418\n WH Ireland Limited\nKaty Mitchell/James Sinclair-Ford\n+44 (0)161 832 2174\n Beaufort Securities\nElliot Hance\n+44 (0)207 382 8300\n Blytheweigh\nTim Blythe/Camilla Horsfall\n+44 (0)207 138 3204\nAbout Eurasia Mining\n- Eurasia is an established and diversified mining and exploration company with an operating Mine in the Ural Mountains. Separately, approved Reserves and Resources within the Monchetundra Project on the Kola Peninsula comprise 1.9 million ounces palladium equivalent (Russian standard C1 and C2 categories). In addition, Eurasia maintain an interest in the Semenovsky Gold in Mine Tailings Project, a project demonstrating near term gold production potential.\nAbout Gold Mint\n- GoldMint, and the GoldMint board of directors and advisors, demonstrate significant experience in the emerging world of blockchain technology, their creative vision to redefine the architecture of the physical gold market, by creating the infrastructure necessary to allow physical gold to be traded faster, more efficiently, and more transpa...