By Devika Patel
Knoxville, Tenn., Sept. 11 - Eurasian Minerals Inc. announced that it plans a non-brokered C$2.1 million private placement of units.
The company will sell 1,500,000 units at C$1.40 apiece to Global NR Holding SA, a Luxembourg-based holding company. Each unit consists of one share and one non-transferable warrant. Each warrant is exercisable at C$2.00 for two years.
The warrants may expire sooner if Eurasian's volume-weighted average share price is C$2.50 or more on the TSX Venture Exchange for any consecutive 15 trading days. In that case, the warrants will expire 20 business days after Eurasian notifies holders.
The company will pay a 6.5% finder's fee.
Proceeds will be used for exploration and property acquisition programs in Turkey, the Kyrgyz Republic and Haiti as well as for working capital.
Based in Vancouver, B.C., Eurasian is a mineral exploration company.
| Issuer: | Eurasian Minerals Inc.
|
| Issue: | Units of one share and one non-transferable warrant
|
| Amount: | C$2.1 million
|
| Units: | 1,500,000
|
| Price: | C$1.40
|
| Warrants: | One per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$2.00
|
| Agent: | Non-brokered
|
| Investor: | Global NR Holding SA
|
| Pricing date: | Sept. 11
|
| Stock symbol: | TSX Venture: EMX
|
| Stock price: | C$1.70 at close Sept. 11
|
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