Euro Manganese Inc
Euro Manganese Inc. (TSX-V / ASX:EMN) is a Canadian mineral resource company focused on the development of the Chvaletice Manganese Project in the Czech Republic.
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Euro Manganese closes second tranche of private placement following strong shareholder support
Euro Manganese Inc (ASX:EMN) (CVE:EMN) has closed the second tranche of a non-brokered private placement following the approval of 100% of shareholders who voted at a special meeting on May 1.
The second tranche of the offering comprised subscriptions by related parties of Euro Manganese of more than 4.26 million common shares at a price of 11 cents per share and 174,615 CHESS Depositary Interests at a price of 13 cents per CDI for aggregate gross proceeds of A$487,780.
When combined with the first tranche, aggregate gross proceeds under the offering exceeded A$1.005 million.
Funds to advance manganese project
Funds will be used to further advance the Chvaletice Manganese Project in the Czech Republic, including advancing the feasibility study and preparation of the Environmental Impact Assessment submission as well as for general corporate purposes.
Fees payable by Euro Manganese in connection with the offering are a management fee, payable in cash, of 1% of the aggregate gross proceeds from the offering.
Shares issued pursuant to the Related Parties Tranche of the offering are subject to a four-month and one day statutory hold period expiring on September 7, 2020.
Other Euro Manganese Inc news
- Euro Manganese makes final payment in Chvaletice Manganese Project acquisition
2020-05-15 - Euro Manganese MD demonstrates confidence in company with on-market purchase
2020-05-13 - Euro Manganese closes first tranche of C$1 million non-brokered private placement
2020-04-07 - Euro Manganese focuses on COVID-19 mitigation while continuing to progress Czech project
2020-04-03 - Euro Manganese receives key environmental ruling for Chvaletice Manganese Project
2020-04-01
