TIDMEUA

RNS Number : 2656S

Eurasia Mining PLC

03 November 2023

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.

3 November 2023

Eurasia Mining Plc

Exercise of Options

Eurasia Mining Plc ("Eurasia" or the "Company"), the palladium, platinum, rhodium, iridium and gold mining company, announces that it has received notice to exercise options from Christian Schaffalitzky, the Company's Executive Chairman, to subscribe for a total of 6,000,000 new ordinary shares of 0.1 pence each ("Option Shares") (the "Exercise"). These share options were due to expire on 2 November 2023.

The 6,000,000 Option Shares were exercised at 0.42 pence each and the total proceeds from the Exercise are GBP25,200.

Following the Exercise, Mr Schaffalitzky has a beneficial interest in 95,569,517 of the Company's ordinary shares of 0.1 pence each ("Ordinary Shares"), representing 3.4% of the Company's issued share capital, with voting rights.

Application for Admission

Application has been made for the Option Shares to be admitted to trading on AIM ("Admission") and dealings are expected to commence on or around 8 November 2023. The Option Shares will rank pari passu in all respects with the Company's existing Ordinary Shares.

Outstanding Options and Warrants

The remaining share options which were due to expire on 2 November 2023 have now lapsed. As such the Company has the following outstanding share options and warrants:

   --      53,306,751 warrants exercisable at 26.5 pence, expiring 20 May 2024; and 
   --      41,551,563 warrants exercisable at 26.0 pence, expiring 20 September 2024. 

Total voting rights

Following Admission, the Company will have 2,864,559,995 Ordinary Shares in issue. The Company has no shares in treasury, therefore the figure of 2,864,559,995 Ordinary Shares should be used by shareholders for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

For further information, please contact:

Eurasia Mining Plc

Christian Schaffalitzky/ Keith Byrne

+44 (0)207 932 0418

SP Angel Corporate Finance LLP (Nomad and Broker)

Jeff Keating / David Hignell / Adam Cowl

+44 (0)20 3470 0470

Notification of transaction by Person Discharging Managerial Responsibilities ("PDMR")

 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                                          Christian Schaffalitzky 
     ---------------------------------  ------------------------------------ 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status                               Executive Chairman 
     ---------------------------------  ------------------------------------ 
 b)   Initial notification/Amendment     Initial notification 
     ---------------------------------  ------------------------------------ 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                               Eurasia Mining plc 
     ---------------------------------  ------------------------------------ 
 b)   LEI                                213800VWNISV35PTI539 
     ---------------------------------  ------------------------------------ 
 4    Details of the transaction(s): section to be repeated for 
       (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions have 
       been conducted 
     ----------------------------------------------------------------------- 
 a)   Description of the financial       Ordinary Shares of 0.1 pence each 
       instrument, type of 
       instrument 
                                          GB0003230421 
       Identification code 
     ---------------------------------  ------------------------------------ 
 b)   Nature of the transaction          Exercise of 6,000,000 new ordinary 
                                          shares of 0.1 pence for cash 
     ---------------------------------  ------------------------------------ 
 c)   Price(s) and volume(s)              Price   Volume 
                                           0.42p   6,000,000 
                                                  ---------- 
     ---------------------------------  ------------------------------------ 
 d)   Aggregated information             N/A 
     ---------------------------------  ------------------------------------ 
 e)   Date of the transaction            2 November 2023 
     ---------------------------------  ------------------------------------ 
 f)   Place of the transaction           Outside a Trading Venue 
     ---------------------------------  ------------------------------------ 
 

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November 03, 2023 03:05 ET (07:05 GMT)

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