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Published on 11/9/2010 in the Prospect News PIPE Daily.

Eurasian concludes C$15.5 million of C$17.5 million placement of units

Vancouver, B.C., mineral explorer sells equity units at C$2.50 apiece

By Devika Patel

Knoxville, Tenn., Nov. 9 - Eurasian Minerals Inc. said it completed the first tranche of a private placement of units. The deal priced Oct. 4.

The company is selling 7 million units of one common share and a warrant at C$2.50 apiece for C$17.5 million. It sold 6.2 million units in the initial tranche for C$15.5 million. Newmont Mining Corp. bought 1 million units for C$2.5 million.

Each five-year warrant is exercisable at C$3.50 in the first year, C$4.00 in the second year, C$4.50 in the third year, C$5.00 in the fourth year and C$5.50 in the fifth and final year.

The strike prices reflect 8.18%, 40.85%, 58.45%, 76.06% and 93.66% premiums to C$2.84, the Oct. 1 closing share price.

Eurasian expects the second and final tranche of 800,000 units, for C$2 million, will settle shortly.

Based in Vancouver, B.C., Eurasian is a mineral exploration company.

Issuer:Eurasian Minerals Inc.
Issue:Units of one common share and a warrant
Amount:C$17.5 million
Units:7 million
Price:C$2.50
Warrants:One warrant per unit
Warrant expiration:Five years
Warrant strike price:C$3.50 in the first year, C$4.00 in the second year, C$4.50 in the third year, C$5.00 in the fourth year and C$5.50 in the fifth year
Investor:Newmont Mining Corp. (for C$2.5 million)
Pricing date:Oct. 4
Settlement date:Nov. 9 (for C$15.5 million)
Stock symbol:TSX Venture: EMX
Stock price:C$2.84 at close Oct. 1
Market capitalization:C$94.52 million

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