News blog

Eurasia Mining / Metal Tiger

• BY: Andrew Hore |
• POSTED: 29/12/2014 |

Aim-quoted investment company Metal Tiger is investing £150,000 in Eurasia Mining.

Metal Tiger has also been granted the right of first refusal for co-funding of Eurasia’s projects and investments over the next 18 months. This does not include the Urals Alluvial Platinum project and the Kola platinum group metals project.

Shares in Eurasia rose by nearly one-third to 0.63p, valuing the explorer at £6.98m. Metal Tiger is investing at 0.5p a share for a 2.71% stake and is also being issued 30 million warrants exercisable over the next three years at 1p a share – although if Eurasia gains a platinum mining licence for the West Kytlim project in the Urals then the exercise price will be increased to 1.5p a share.

The Ministry of Defence and Federal Security Service is considering the application for the licence. If approved, then Rosnedra will draft the terms of the licence for final review by the Ministry of Economic Development and a government commission, chaired by the Prime Minister.

Metal Tiger recently announced a similar deal with Kibo Minerals. The Metal Tiger share price increased by 0.08p to 0.95p, which values Metal Tiger at

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFDecember2014_63.pdf