26th Nov 2007 14:20
Eurasia Mining PLC26 November 2007 Eurasia Mining plc ("Eurasia" or the "Company") Issue of Equity The Company confirms today that it has issued 220,274 ordinary shares of 5p eachin the Company ("New Ordinary Shares"), to certain directors, as set out below. The shares were issued pursuant to the terms of the Convertible Redeemable LoanNotes 2008 ("Loan Notes") which, as set out in the Loan Note Deed dated 31 March2006, permits the holders to convert interest owing to them as holders of LoanNotes into Ordinary Shares in the Company at a price of 5p per share Director Interest to settle Ordinary Shares Issued Christian Schaffalitzky £4,000 80,000 Gary Fitzgerald £4,000 80,000 Michael Martineau* £3,013.70 60,274 *the Loan Notes are held by Mr Martineau's wife. Total 220,274 Application has been made for the New Ordinary Shares to be traded on AIM anddealings in the New Ordinary Shares are expected to commence on 30 November2007. Following the issue of the New Ordinary Shares the total number of sharesin the Company is 141,076,381 (the "Enlarged Share Capital"). Following the issue of the New Ordinary Shares Christian Schaffalitzky holds1,966,866 ordinary shares, representing 1.4% of the Enlarged Share Capital; GaryFitzgerald holds 1,326,295 ordinary shares, representing 0.9% of the EnlargedShare Capital and Michael Martineau holds 996,366 ordinary shares, representing0.7% of the Enlarged Share Capital. For further information, please contact: Christian Schaffalitzky, Eurasia Mining plc - 020 7495 4877 David Youngman, WH Ireland Limited - 0161 832 2174 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Eurasia Mining