An anonymous director reports
EURO SUN ANNOUNCES $3.3 MILLION PRIVATE PLACEMENT
Euro Sun Mining Inc. intends to complete a non-brokered private placement financing of up to 11,379,310 common shares of the company at a price of 29 cents per common share for gross proceeds of up to $3.3-million with one subscriber.
Closing of the offering is expected to occur on or about Jan. 29, 2020. 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 the advancement of its Rovina Valley project and for general corporate purposes.
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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