By Sheri Kasprzak
New York, June 21 - Eurasia Energy Ltd. priced a $1 million private placement.
The offering includes up to 4 million units of one share and one warrant.
The warrants are exercisable at $0.25 each for two years.
Proceeds will be used for the company's defense of a commercial action brought against it by Commonwealth Oil & Gas Co. Ltd. in a court in Scotland.
The remaining proceeds will be used for oil and gas exploration.
Based in Aberdeenshire, Scotland, Eurasia is an oil and gas exploration company.
| Issuer: | Eurasia Energy Ltd.
|
| Issue: | Units of one share and one warrant
|
| Amount: | $1 million
|
| Units: | 4 million
|
| Price: | $0.25
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | $0.25
|
| Pricing date: | June 21
|
| Stock symbol: | OTCBB: EUEN
|
| Stock price: | $0.40 at close June 21
|
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