3rd Feb 2021 20:13
Eurasia Mining PLC - palladium, platinum, rhodium, iridium and gold producing company - Says it did have a service agreement with Venus Garden Holdings Ltd, a company 100% owned by Alexei Churakov, for advisory services, further to Alexei Churakov's appointment as a strategic advisor to the board of the company. However, this agreement had expired prior to January 27, 2021.
In mid-January, Churakov sold 27.4 million shares in Eurasia. Eurasia says Churakov notified company that he sold the shares to cover an urgent and critical cash call and that they were all acquired by Veles International, a subsidiary of investor Veles Capital. Churakov has no intention to sell his remaining shares. "The company notes that the acquisition by Veles evidences interest in Eurasia among institutional shareholders. Veles is a well-established and one of the oldest professional institutional investors in Russia," says Eurasia.
Current stock price: 27.50 pence
Year-to-date change: down 19%
By Paul McGowan; [email protected]
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