TORONTO, April 12, 2019 /CNW/ - Euro Sun Mining Inc.
(TSX:ESM) ("Euro Sun" or the "Company") announces
that it has received approval from the Toronto Stock Exchange (the
"TSX") to amend the exercise price of the 3,932,425
outstanding common share purchase warrants ("Warrants") that
were originally issued by the Company on May
19, 2016. Each Warrant is currently exercisable to acquire
one common share of the Company (a "Common Share") at a
price of $2.18 (the "Exercise
Price") per Common Share until May 19,
2019; provided that, in the event that the trading price of
the Common Shares on the TSX exceeds $2.72 for a period of 20 consecutive trading
days, the Company has the right (but not the obligation) to
accelerate the expiry date of the Warrants to a date which is not
less than 30 days after the date on which the Company gives notice
of such accelerated expiry date to the holders of the Warrants.
Effective April 26, 2019, the
Exercise Price of the Warrants will be amended to $0.85 per Common Share. All other terms of the
Warrants will remain unchanged. None of the Warrants are held by
insiders of the Company.
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.
Caution regarding forward-looking information:
This press release contains "forward-looking information"
within the meaning of applicable Canadian securities legislation.
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.sedar.com 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.
SOURCE Euro Sun Mining Inc.