An anonymous director reports
EURO SUN CLOSES THIRD TRANCHE OF PRIVATE PLACEMENT FINANCING
Euro Sun Mining Inc. has closed a third tranche of its previously announced non-brokered private placement financing of units of the company. Pursuant to the closing of the third tranche, the company issued 5,700,900 units of the company at a price of five cents per unit for gross proceeds of $285,045. Each unit consists of one common share of the company and one common share purchase warrant. Each warrant will entitle the holder to acquire one additional common share of the company at an exercise price of five cents per common share until two years from the issue date.
In connection with closing of the third tranche, the company paid an aggregate amount of $3,500 in cash commissions and issued 170,000 broker warrants to finders. Each broker warrant will entitle the holder thereof to purchase one common share at a price of five cents for a period of 24 months from the date of the closing of the third tranche.
Euro Sun intends to use the proceeds of the offering for the advancement of its Rovina Valley project and for general corporate purposes.
The securities issued under the third tranche are subject to a hold period that expires four months plus one day from the date of issuance. The company has received conditional approval from the Toronto Stock Exchange to extend the closing date of the offering until Feb. 13, 2025.
About Euro Sun Mining Inc.
Euro Sun is a publicly listed development-stage mining company focused on unlocking value through the responsible development of the Rovina Valley project, one of Europe's largest copper-gold projects.
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