Options in Eurasia Mining exercised after trading suspension
Abraham Darwyne
Company News - 2 mins
13:47, 12th February 2020

Eurasia Mining (EUA) FOLLOW revealed on Wednesday afternoon that over 30 million warrants and options were exercised by various stakeholders a day after the firm’s shares were suspended from trading in London.

Sanderson Capital Partners exercised 20 million warrants at 1p and Optiva Securities exercised just over 2 million warrants at 1.24p. 

Eurasia Mining also said that employees exercised over 8 million options at 0.9p and 1 million at 0.42p.

The company halted trading at 7:45am on Tuesday, citing “pending clarification of its relationship with CITIC”.  

Shares in Eurasia Mining have rallied 1431% since it announced 4 months ago it was engaging with CITIC and VTB Capital for strategic options for its assets. 

VTB Capital prepared a presentation titled "The Last Non Consolidated Palladium Play", according to a release made by Eurasia Mining in October. VTB Capital is one of Russia’s largest state-backed investment banks.  

CITIC Group, formerly the China International Trust Investment Corporation, is one of China's largest investment banks, owned by People's Republic of China.

Christian Schaffalitzky, the Chairman of Eurasia said in October: “Our total resource with the account of areas within the flanks contours is about 15 Moz of PGM (mostly palladium) that we believe puts us in a completely different league of major palladium companies already in production stage."

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