Client NewsEurasia Mining plc – General Update and Institutional Placing
Eurasia Mining plc, the palladium, platinum, rhodium, iridium and gold producing company, operating the established West Kytlim Mine in the Urals, and also the operator of the Monchetundra Project comprising two predominantly palladium open pit deposits located 3km away from Severonickel, one of Norilsk Nickel’s largest base metals and PGM processing facilities, near the town of Monchegorsk on the Kola Peninsula, is pleased to provide a general update and announce the successful completion of a US$10m equity placing (the “Placing”) with institutional investors at a price of 22.5p per share, which is equal to the closing price on 17 August 2020.
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