3rd Feb 2015 16:40
LONDON (Alliance News) - Eurasia Mining PLC Tuesday said it has raised GBP102,000 by issuing shares to two of its directors.
In a statement, the exploration and development company focused on Russia said Managing Director and Chief Executive Christian Schaffalitzky acquired 1.8 million new shares, while Non-Executive Director Dmitry Suschov acquired 16.7 million new shares.
Schaffalitzky now owns 33.1 million shares in the company, representing a 2.9% stake, while Suschov owns 281.6 million shares, representing about 25% of the company.
The new shares were acquired at 0.55 pence per share.
In addition, the company has issued 2.9 million new shares at 0.55 pence per share in settlement of invoices for "various services" for GBP16,200.
Eurasia Mining shares closed down 9.1% at 0.500 pence on Tuesday.
By Samuel Agini; [email protected]; @samuelagini
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
Eurasia Mining