Update re Queeld & Mispare share certificates

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

[email protected]