Eurasia Energy Limited
OTC Bulletin Board : EUEN

Eurasia Energy Limited

November 23, 2007 09:30 ET

Eurasia Establishes Date for Continuation to Anguilla, B.W.I.

ABERDEENSHIRE, SCOTLAND--(Marketwire - Nov. 23, 2007) - Eurasia Energy Limited ("Eurasia") (OTCBB:EUEN) announces that its S-4 Prospectus was declared effective by the U.S. Securities and Exchange Commission on November 7, 2007 (the "S-4"). The S-4 registers all of Eurasia's issued common shares in contemplation of Eurasia's continuation to Anguilla, B.W.I. The S-4 will be mailed to Eurasia shareholders on December 7, 2007 and it is contemplated that Eurasia's continuation to Anguilla, B.W.I. will be effected on December 31, 2007.

In connection with Eurasia's continuation to Anguilla, B.W.I., Eurasia has granted an aggregate of 750,000 stock options to two Anguilla based consultants at an exercise price of $0.25 per share for a period of five years. Eurasia's consultants have been retained to provide corporate, administrative, banking and accounting support and to provide office space for Eurasia on an as needed basis.

BY ORDER OF THE BOARD

Nicholas W. Baxter, President, C.E.O. and Director

Forward-Looking Statements: This news release may include certain forward-looking statements including, but not limited to, projections of revenue, income or loss and capital expenditures, statements regarding future operations, financing needs, plans relating to products or services of the Company, assessments of materiality, predictions of future events and the effects of pending and possible litigation, as well as assumptions relating to the foregoing. In addition, when used in this discussion, the words "anticipates", "believes", "estimates", "expects", "intends", "plans", "should", and variations thereof and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are subject to various risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors, including but not limited to the Company's ability to manage rapid growth as a result of internal expansion and strategic acquisitions, the impact of competitive products and pricing, product demand and market acceptance, new product development, reliance on key strategic alliances, the regulatory environment, fluctuations in operating results and other risks.

"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements that are subject to risks and uncertainties, including, but not limited to, the impact of competitive products and pricing, product demand and market acceptance, new product development, reliance on key strategic alliances, availability of raw materials, the regulatory environment, fluctuations in operating results and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission.

Contact Information

  • Eurasia Energy Limited
    Nicholas W. Baxter
    President, C.E.O. and Director
    +44 (0)7881 814431