Christian Schaffalitzky, Chairman, commented: “With the warrants already exercised by today and the cash coming from the refinery in instalments on schedule, the Directors are continuing to keep their Dividend policy under review”.
Eurasia Mining PLC, the established producer of palladium, platinum, iridium, rhodium and gold, has received notification from warrant holders to exercise warrants over 27,066,666 shares of 0.1p in the share capital of Eurasia (“the Warrant Shares”). The consideration for the exercise of the Warrant Shares amounts, in aggregate, to a cash value of £162,400. Application has been made for the Warrant Shares to be admitted to trading on AIM, which is expected to be on or around 4 November 2019 (“Admission”). These shares will rank pari passu with the ordinary shares of the Company in issue.
Total voting rights
The Company’s total issued share capital upon Admission will be 2,547,872,196 ordinary shares. As the Company does not hold any shares in Treasury, this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Disclosure and Transparency rules.
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