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Euro Sun Mining Announces Closing of Second Tranche of Private Placement
TORONTO, Dec. 14, 2022 (GLOBE NEWSWIRE) -- Euro Sun Mining Inc. (TSX: ESM) (“Euro Sun” or the “Company”) is pleased to announce that it has closed the second tr
About this update from Euro Sun Mining Inc.
[{"type":"text","content":" TORONTO, Dec. 14, 2022 (GLOBE NEWSWIRE) -- Euro Sun Mining Inc. (TSX: ESM) (“Euro Sun” or the “Company”) is pleased to announce that it has closed the second tranche (the “Second Tranche”) of its previously announced non-brokered private placement financing (the “Offering”). An aggregate of 2,500,000 common shares (the “Common Shares”) were sold under the Second Tranche at a price of C$0.05 per Common Share for aggregate gross proceeds of approximately C$125,000. Euro Sun intends to use the proceeds of the Offering for general corporate purposes. All securities issued in connection with the Offering are subject to a statutory hold period of four-months and one day. The Offering and the closing of the Second Tranche are subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the Toronto Stock Exchange and the securities regulatory authorities. No finders’ fees were paid in connection with the Offering. Further information: For further information about Euro Sun Mining, or the contents of this press release, please contact Investor Relations at [email protected]. Caution regarding forward-looking information: This news release contains \"forward-looking information\" within the meaning of applicable Canadian securities legislation. Generally, but not always, forward-looking information and statements can be identified by the use of words such as \"plans\", \"expects\", \"is expected\", \"budget\", \"scheduled\", \"estimates\", \"forecasts\", \"intends\", \"anticipates\", or \"believes\" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results \"may\", \"could\", \"would\", \"might\" or \"will be taken\", \"occur\" or \"be achieved\" or the negative connotation thereof. In particular, this news release contains forward-looking information pertaining to the following: the ability of the directors to call and hold the Meeting, the receipt of shareholder approval for the items of business at the Meeting, the anticipated date of the Meeting, the ability to obtain the necessary regulatory authority and approvals in connection with the Waiver Agreement and the Meeting; and satisfaction of the conditions of Lind for the waiver of certain and possible events of default under the CFSA’s and the abil...