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Eurasia to raise $20M after sale process falls flat

Eurasia Mining is to raise $20 million (£14.1 million) via a private placement to bankroll its joint venture with Russia's Rosgeo.

Eurasia to raise $20M after sale process falls flat Eurasia to raise $20M after sale process falls flat Eurasia to raise $20M after sale process falls flat Eurasia to raise $20M after sale process falls flat Eurasia to raise $20M after sale process falls flat

Eurasia Mining's West Kytlim PGM and gold mine in the Ural Mountains

The placement with a single unnamed institutional investor will see the Russia-focused miner issue 53 million shares priced at 26.