Aurasian Minerals announces investment by private investors

2 minute read
01 July 2015

On 10 July 2015, Aurasian Minerals Plc (AIM: AUM), a company which explores for gold in Southeast Asia, announced the appointments of Peter James Mullens as Chief Executive Officer and Gokhan Kantarcigil as a non-executive director of the company. The company also announced that Mr. Mullens and Mr. Kantarcigil had agreed to subscribe for 47,591,741 ordinary shares in the capital of Aurasian Minerals at a price of 0.436p per ordinary share to raise £207,500 for the company.

Following the subscription, Mr. Mullens will hold 36,123,852 ordinary shares equating to 8.68% of Aurasian Minerals’s issued share capital. Mr. Kantarcigil will hold 11,467,889 ordinary shares equating to 2.75% of the company's issued share capital.

Application was made for the 47,591,741 subscription shares to be admitted to trading on AIM and admission occurred and dealings commenced in the subscription shares on 20 July 2015. The subscription shares rank pari passu with the existing ordinary shares in issue.

We advised Aurasian Minerals with respect to this investment with a team that included Sefton Collett, Charles Bond and Victoria Yao.

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