Eurasian concludes C$2.99 million of C$17.88 million units placement

Canadian metals explorer sells units to Antofagasta at C$3.25 apiece

By Devika Patel

Knoxville, Tenn., March 14 - Eurasian Minerals Inc. said it settled the second tranche of a private placement of units. The offering priced for C$5.01 million on Feb. 18 and was increased to C$16.25 million on Feb. 22 and to C$17.88 million on Feb. 25; Eurasian raised C$5.01 million on March 2 and C$2.99 million in this tranche.

The company is selling 5.5 million units of one common share and a half-share warrant at C$3.25 apiece. It sold 1.54 million units to Antofagasta plc in the first tranche and 921,000 units in the second.

Each whole, two-year warrant is exercisable at C$4.00. The strike price reflects a 21.21% premium to the Feb. 17 closing share price of C$3.30.

Based in Vancouver, B.C., Eurasian is a precious and base metals exploration company.

Issuer:	Eurasian Minerals Inc.
Issue:	Units of one common share and a half-share warrant
Amount:	C$17,875,000
Units:	5.5 million
Price:	C$3.25
Warrants:	One half-share warrant per unit
Warrant expiration:	Two years
Warrant strike price:	C$4.00
Investor:	Antofagasta plc (for C$5,005,000)
Pricing date:	Feb. 18
Upsized:	Feb. 22, Feb. 25
Settlement date:	March 2 (for C$5,005,000), March 14 (for C$2,993,250)
Stock symbol:	TSX Venture: EMX
Stock price:	C$3.30 at close Feb. 18
Market capitalization:	C$118.21 million

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