Client NewsEurasia Mining PLC: Completion of US$15m financing for Rosgeo JV
Eurasia Mining Plc (“Eurasia” or the “Company”), the palladium, platinum, rhodium, iridium and gold producing company, is pleased to announce that the financing released via RNS on 20 September 2021 was successfully completed on the previously announced terms.
· H.C. Wainwright & Co. acted as the exclusive placement agent in the United States for this financing
· The Directors have reduced the financing size to approximately $15m from the higher amount offered to Eurasia
· The cash balance of Eurasia now is about $35m with no debt
· The financial position of the Company is sufficient to accomplish its commitments in relation to Rosgeo JV, where a JORC resource by Wardell Armstrong is to be announced shortly
Christian Schaffalitzky, Executive Chairman commented: “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”.
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