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Euro Manganese Announces Placement of C$5.9m (A$6.5m) (1) Anchored by the European Bank for Reconstruction and Development, Increasing Ownership and ASX Share Purchase Plan ("SPP") to Raise up to an Additional C$3.6m (A$4.0m) (1)
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About this update from Euro Manganese, Inc.
[{"type":"text","content":"Euro Manganese Announces Placement of C$5.9m (A$6.5m) (1) Anchored by the European Bank for Reconstruction and Development, Increasing Ownership and ASX Share Purchase Plan (“SPP”) to Raise up to an Additional C$3.6m (A$4.0m) (1)\n\n\n\n\n N\n \n\n O\n \n\n T\n \n\n F\n \n\n O\n \n\n R D\n \n\n I\n \n\n ST\n \n\n RI\n \n\n B\n \n\n UT\n \n\n I\n \n\n O\n \n\n N\n \n\n TO U\n \n\n N\n \n\n I\n \n\n TED\n \n\n S\n \n\n T\n \n\n A\n \n\n T\n \n\n E\n \n\n S\n \n\n N\n \n\n EWSW\n \n\n I\n \n\n R\n \n\n E\n \n\n SE\n \n\n R\n \n\n V\n \n\n I\n \n\n C\n \n\n ES\n \n\n O\n \n\n R\n \n\n F\n \n\n O\n \n\n R D\n \n\n I\n \n\n SS\n \n\n E\n \n\n M\n \n\n I\n \n\n N\n \n\n A\n \n\n T\n \n\n I\n \n\n O\n \n\n N\n \n\n I\n \n\n N\n \n\n THE\n \n\n U\n \n\n N\n \n\n I\n \n\n TED\n \n\n ST\n \n\n A\n \n\n TES\n \n\n\n\n Highlights\n \n\n\n\n Euro Manganese has received firm commitments to raise C$5.9 million (A$6.5 million)\n \n 1\n \n through the Conditional Placement\n \n\n Includes participation from new and existing shareholders and the European Bank for Reconstruction and Development is increasing pro forma ownership in the Company to 19.99% as part of the Conditional Placement\n \n\n Supports ongoing development of the Chvaletice Manganese Project and customer engagements to secure additional offtake term sheets and strategic investments\n \n\n Mr. Rick Anthon, a veteran battery metals executive with over 30 years of industry experience, to join the board as Chairman on completion of the Conditional Placement\n \n\n Euro Manganese to offer certain eligible ASX shareholders an opportunity to participate in an SPP to raise up to an additional C$3.6 million (A$4.0 million)\n \n 1\n \n\n\n Completion of the Conditional Placement and SPP is subject to shareholder approval and conditional upon an aggregate of C$8.0 million (A$8.8 million)\n \n 1\n \n being raised (inclusive of the EBRD Subscription)\n \n\n\n VANCOUVER, British Columbia, March 06, 2025 (GLOBE NEWSWIRE) -- Euro Manganese Inc. (TSX-V and ASX: EMN; OTCXB: EUMNF; Frankfurt: E06) (the “\n \n Company\n \n ” or “\n \n Euro Manganese\n \n ”) today announced a brokered and conditional placement (the “\n \n Conditional Placement\n \n ”) of common shares (“\n \n New Shares\n \n ”) and CHESS Depositary Interests (ȁ...