Eurasia Mining's board of directors has been actively exploring the potential benefits of a secondary listing on Moscow Exchange, including easier access to the company's shares for Russian investors, but no decision has been made yet, the company said in response to media reports about a possible listing on the Russian site. "While the directors see the adv...

Eurasia Mining raised about $15 million through a private placement of 41,551,563 additional shares, as well as warrants to purchase another 41,551,563 shares of the company. The price per share was £0.26. The proceeds from the sale will be used to fund the joint venture with Rosgeo.