REG - Eurasia Mining PLC - Update re Queeld & Mispare share certificates

Eurasia MiningAnnouncement

06/03/2024 08:00

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RNS Number : 7873F  Eurasia Mining PLC  06 March 2024

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED IN REGULATION NO.
596/2014 (AS IT FORMS PART OF RETAINED EU LAW AS DEFINED IN THE EUROPEAN
UNION (WITHDRAWAL) ACT 2018) AND IS IN ACCORDANCE WITH THE COMPANY'S
OBLIGATIONS UNDER ARTICLE 7 OF THAT REGULATION.

 

6 March 2024

 

Eurasia Mining Plc

 

Update re Queeld & Mispare share certificates

Eurasia Mining Plc ("Eurasia" or the "Company"), the palladium, platinum,
rhodium, iridium and gold mining company, announces the following regarding
the previously notified legal dispute with Queeld Ventures Limited and Mispare
Limited:

 

Queeld Ventures Limited and Mispare Limited (respectively "Queeld" and
"Mispare") are registered shareholders in Eurasia Mining PLC ("Eurasia"). In
or about July 2018, Queeld and Mispare applied to Eurasia for the issue of
replacement share certificates in respect of their respective shareholdings.

 

This matter has, since December 2021, been the subject of proceedings in the
High Court of England and Wales (Claim No. BL-2021-002213). On 15 November
2023, the Company announced that by consent between the parties, (i) the
proceedings had been stayed, and (ii) in accordance with the Schedule to an
Order made in the proceedings, replacement share certificates were to be
issued to be held by solicitors acting for Queeld and Mispare, to be held by
those solicitors until 5 March 2024, at which point the share certificates
would be released to Queeld and Mispare.

 

The same announcement on 15 November 2023 invited any persons wishing to
assert any claim to, or interest in, those shares, by reason of which
such replacement certificates should not be released to Queeld and Mispare,
to inform the solicitors acting for Queeld and Mispare, and the solicitors
acting for Eurasia, in writing, not later than 4 March 2024, indicating the
nature of that claim or interest.

 

A number of communications have been received in response to the announcement
of 15 November 2023. It should not be assumed that there are any claims or
interests by reason of which replacement certificates should not be released
to Queeld and Mispare. Eurasia is neutral in that regard, and its solicitors
are currently in correspondence with solicitors for Queeld and Mispare
regarding the appropriate directions to be made by the Court in light of those
communications.

 

The Company will make further announcements relating to this matter as
appropriate.

 

For further information, please contact:

 

Eurasia Mining Plc

Christian Schaffalitzky

+44 (0)207 932 0418

 

SP Angel Corporate Finance LLP (Nomad and Broker)

Jeff Keating / David Hignell / Adam Cowl

+44 (0)20 3470 0470

 

Yellow Jersey PR (Financial PR)

Charles Goodwin / Shivantha
Thambirajah

+44 (0)207 932 0418

eurasia@yellowjerseypr.com (mailto:eurasia@yellowjerseypr.com)

 

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