IN BRIEF: Eurasia Mining raises USD15 million to finance Rosgeo JV

Eurasia Mining PLC - UK-based mining & mineral exploration company - Completes USD15 million ...

Alliance News 24 September, 2021 | 7:06PM
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Eurasia Mining PLC - UK-based mining & mineral exploration company - Completes USD15 million fundraise to help pay for its joint venture with Russian state-owned company Rosgeo.

Chair Christian Schaffalitzky says: "The directors are pleased that more institutional investors have joined our shareholder base, as we reach another important milestone. We look forward to providing further updates."

On Monday, entered into a securities purchase agreement for a private placement of 41.6 million shares and warrants to buy up to a further 41.6 million shares to institutional investors at a price of 26 pence per share and associated warrants.

Current stock price: 23.60 pence

Year-to-date change: down 30%

By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserve.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Eurasia Mining PLC 22.37 GBX -3.16 -

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