12th May 2016 08:14
LONDON (Alliance News) - Russian platinum miner Eurasia Mining PLC on Thursday said it has raised GBP500,000 through a strategic placing.
The company issued 90.9 million shares at 0.55 pence per share. Eurasia shares were down 9.3% to 0.68p.
The funds will be used to repay the loan provided to the company by Sanderson Capital Partners Ltd, to provide working capital and to allow completion of Eurasia's work on its Monchetundra project and test work on the Semenovsky tailings project.
By Sam Unsted; [email protected]; @SamUAtAlliance
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