Euro Sun Announces $2.15 Million Private Placement
November 01 2024 - 8:00PM
Euro Sun Mining Inc., (TSX: ESM) (“Euro Sun” or
the “Company”) is pleased to announce that it intends to complete a
non-brokered private placement financing of up to 43,000,000 units
of the Company (the “
Units”) at a price of C$0.05
per Unit for gross proceeds to the Company of up to approximately
C$2.15 million (the “
Offering”). Each Unit will
consist of one common share of Euro Sun and one share purchase
warrant of Euro Sun (“
Warrant”). Each Warrant will
be exercisable to acquire one common share of Euro Sun at a price
of C$0.05 per share for 24 months from the closing of the Offering.
Closing of the Offering is expected to occur on
or about December 13, 2024 and may close in one or more tranches.
All securities issued in connection with the Offering will be
subject to a statutory hold period of four-months and one day.
Completion of the Offering is subject to a number of conditions,
including without limitation, receipt of Toronto Stock Exchange
approval.
Euro Sun intends to use the proceeds of the
Offering for general corporate purposes.
The Company may pay finder’s fees to eligible finders in
accordance with the policies of the Toronto Stock Exchange.
About Euro Sun Mining Inc.
Euro Sun is a Toronto Stock Exchange listed
mining company focused on the exploration and development of its
100%-owned Rovina Valley gold and copper project located in
west-central Romania, which hosts the second largest gold deposit
in Europe.
Further information:
For further information about Euro Sun Mining,
or the contents of this press release, please contact Investor
Relations at info@eurosunmining.com.
Caution regarding forward-looking
information:
This press release contains "forward-looking
information" within the meaning of applicable Canadian securities
legislation. Forward-looking information includes, without
limitation, statements regarding the Offering and use of proceeds
of the Offering. Forward-looking information is subject to known
and unknown risks, uncertainties and other factors that may cause
the actual results, level of activity, performance or achievements
of the Company to be materially different from those expressed or
implied by such forward-looking information, including risks
inherent in the mining industry and risks described in the public
disclosure of the Company which is available under the profile of
the Company on SEDAR at www.sedarplus.ca and on the
Company's website at www.eurosunmining.com. Although the
Company has attempted to identify important factors that could
cause actual results to differ materially from those contained in
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such information will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking information. The Company
does not undertake to update any forward-looking information,
except in accordance with applicable securities laws.
The TSX does not accept responsibility for the
adequacy or accuracy of this news release.
This news release does not constitute an offer
to sell or a solicitation of an offer to buy any of the securities
in the United States. The securities have not been and will not be
registered under the United States Securities Act of 1933, as
amended (the “U.S. Securities Act”), or any state securities laws
and may not be offered or sold within the United States or to, or
for the account or benefit of U.S. persons (as defined in
Regulation S under the 1933 Act) absent such registration or an
applicable exemption from such registration requirements.
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