Business
Potential Sale Update
Potential Sale Update.
About this update from Eurasia Mining Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 4957Q\n Eurasia Mining PLC\n 28 October 2021\n \n \n \n \n NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.\n \n \n \n \n \n THIS 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 \n \n \n \n \n \n \n \n 28 October 2021\n \n \n \n \n \n \n \n \n Eurasia Mining Plc\n \n \n \n \n \n Potential Sale Update\n \n \n \n \n \n Eurasia Mining Plc (\"Eurasia\" or the \"Company\"), the palladium, platinum, rhodium, iridium and gold producing company, is pleased to announce an update on the potential asset sale.\n \n \n \n \n \n Summary Highlights:\n \n \n \n \n \n · \n Further to the proposal (the \"Proposal\") from the credible party (the \"Buyer\") on the potential asset sale announced via RNS on 12 May 2021, the Buyer has informed Eurasia in writing that it has successfully completed its due diligence.\n \n \n \n \n \n · \n As announced via RNS on 30 September 2021, since the receipt of the Proposal in May for the potential acquisition of substantially all of the Company's assets, additional interest from other parties is being considered by the Board.\n \n \n \n \n \n · \n It is the Board's intention to advance several options with advice from UBS, DLA Piper and other advisers.\n \n \n \n \n \n \n \n \n Until a transaction is finally concluded there can be no certainty that a transaction will occur or on what terms.\n \n \n \n \n \n Christian Schaffalitzky, Executive Chairman of Eurasia commented: \n \n \"\n \n \n The Directors are delighted that we are advancing several transactions concurrently. We see competition for Nickel-Copper-PGM assets (with a similar basket of metals like ours and the assets included in our agreement with Rosgeo) increasing on a global scale\n \n \".\n \n \n \n \n \n James Nieuwenhuys, CEO and Managing Director of Eurasia commented: \n \n \"We are advancing our development projects to production, increa...