6th Sep 2024 18:49
Eurasia Mining PLC - palladium, platinum, rhodium, iridium and gold miner - Enters into trade finance loan agreement with Sanderson Capital Partners Ltd for up to GBP2.5 million. The funds are to provide the firm with "working capital finance". Chair Christian Schaffalitzky pledges 94.6 million of his shares in firm as collateral for loan. The loan is interest fee and repayable by August 29 of next year. Sanderson may convert the loan at an average conversion price of 2.7p per share, a 17% premium to Eurasia Mining's share price on June 28, the last trading day before suspension. The stock was suspended at the start of July as it did not report 2023 results in time. It releases these results on Friday. Read More
