Eurasia Mining Plc (“Eurasia” or the “Company”), the palladium, platinum, rhodium, iridium and gold producing company announces the following further to the Board meeting held:
· The fundamentals of the Company developed over years have not changed.
· Contrary to speculations none of the Eurasia’s team members (being the largest shareholder group) has sold any shares in the Company.
· The Board is closely monitoring the evolving sanctions and re-iterates that no individual or entity identified in the sanctions is associated with the Company in any way. Nor do the sanctions prevent the Company from executing on its M&A strategy as announced.
Christian Schaffalitzky, Executive Chairman commented: “The Board notes our focus on BRICS (in particular on Russia, China and South Africa) and Japan in terms of our M&A strategy. More updates are to be provided in due course “.
James Nieuwenhuys, CEO and Managing Director of Eurasia commented: “The Directors are grateful that the fundamentals of the Company are recognised including by H.C. Wainwright & Co initiating coverage on Eurasia by issuing independent research. In these times of high volatility, the Directors and the Officers continue to stay calm and focused on their jobs in the best interests of the Company and all shareholders”.
A copy of this announcement is also available on Eurasia’s website at:
https://www.eurasiamining.co.uk/investors/news-announcements.
For further information, please contact:
Eurasia Mining Plc
Christian Schaffalitzky/ Keith Byrne
+44 (0)207 932 0418
