Euro Sun Announces $3.3 Million Private Placement
January 20 2020 - 6:00AM
Euro Sun Mining Inc., (TSX: ESM) (“Euro Sun” or
the “Company”) is pleased to announce that it intends to complete a
non-brokered private placement financing of up to 11,379,310 common
shares of the Company (the “
Common Shares”) at a
price of C$0.29 per Common Share for gross proceeds of up to
C$3,300,000.00 (the “
Offering”) with one
subscriber.
Closing of the Offering is expected to occur on
or about January 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%-owned Rovina Valley gold and copper project located in
west-central Romania, which hosts the second largest gold deposit
in Europe.
Further information:
For further information about Euro Sun Mining,
or the contents of this press release, please contact Investor
Relations at info@eurosunmining.com or +1 416.309.4299.
Caution regarding forward-looking
information:
This press release contains "forward-looking
information" within the meaning of applicable Canadian securities
legislation. Forward-looking information includes, without
limitation, statements regarding the Offering and use of proceeds
of the Offering. 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.
This news release does not constitute an offer
to sell or a solicitation of an offer to buy any of the securities
in the United States. The securities have not been and will
not be registered under the United States Securities Act of 1933,
as amended (the “U.S. Securities Act”), or any state securities
laws and may not be offered or sold within the United States or to,
or for the account or benefit of U.S. persons (as defined in
Regulation S under the 1933 Act) absent such registration or an
applicable exemption from such registration requirements.
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