An anonymous director reports
EURO SUN MINING ISSUES US$200,000 PROMISSORY NOTE
Euro Sun Mining Inc. has issued a convertible promissory note to John Robins and James Paterson, providing for a principal amount of $200,000 (U.S.) and maturing on March 22, 2025. The note bears interest at 6 per cent per annum, compounded monthly, and is secured against all of the assets and property of the company pursuant to an amended and restated general security agreement. The principal amount and all interest accrued thereon are convertible into common shares of the company at a price of 4.5 cents per conversion share.
Euro Sun intends to use the principal amount for working capital costs in Canada and Romania.
All conversion shares issued under the promissory note are subject to a hold period of four months and one day from the date of issuance.
About Euro Sun Mining Inc.
Euro Sun is a Toronto Stock Exchange-listed mining company focused on the exploration and development of its 100-per-cent-owned Rovina Valley gold and copper project located in west-central Romania, which hosts the second-largest gold deposit in Europe.
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