26th Apr 2006 14:12
Eurasia Mining PLC26 April 2006 26 April 2006 EURASIA MINING PLC Exercise of Warrants and Convertible Redeemable Loan Notes 2008 Eurasia Mining plc ("the Company") announces that on 24 April 2006 the followingholders of Unsecured Convertible Redeemable Loan Notes (the "Loan Notes")elected to convert the following number of Loan Notes into new ordinary sharesin the share capital of the Company at a price of 5p per ordinary share. Registered Holder Number of Loan Principal Amount Number of ordinary shares (following Notes conversion of the Loan Notes) City Equities 20 £200,000 4,000,000(Nominees) LimitedTerence Arthur Cross 2 £20,000 400,000and Jean Cross On the same date, City Equities (Nominees) Limited exercised the followingnumber of warrants to subscribe for ordinary shares in the company at a price of5p per share (the "Warrants"): Registered Holder Number of Warrants Principal Amount Number of ordinary shares (following exercise of the Warrants) City Equities 4,000,000 £200,000 4,000,000(Nominees) Limited Application will be made for the ordinary shares created pursuant to both theconversion of the Loan Notes and the exercise of the Warrants (the "New OrdinaryShares") to be admitted to trading on AIM. Admission is expected to take placeon 3 May 2006. The total number of issued ordinary shares in the Company, including the NewOrdinary Shares, will be 112,161,717 ordinary shares. For further information contact: Christian Schaffalitzky, Eurasia Mining plc Tel: +44 (0) 20 7976 1222 David Youngman, W.H. Ireland Ltd. Tel: +44 (0) 161 832 6644 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Eurasia Mining