- Euro Sun Mining (ESM) has announced a non-brokered private placement financing for gross proceeds of up to C$2,365,000
- The company will issue up to 47,300,000 common shares at $0.05 per share
- The offering is expected to close on or about November 18, 2022
- Eva Bellissimo and Peter Vukanovich will resign as directors, to be succeeded by Grant Sboros and Neil Said
- Euro Sun Mining Inc. is an exploration and development company focused primarily on gold and copper exploration on its property in Romania
- Euro Sun Mining Inc. (ESM) opened trading at C$0.065
Euro Sun Mining (ESM) has announced a non-brokered private placement financing for gross proceeds of up to C$2,365,000.
The company will issue up to 47,300,000 common shares at $0.05 per share.
The offering is expected to close on or about November 18, 2022.
All securities issued will be subject to a statutory four-month hold period.
Net proceeds will be used for general corporate purposes.
Upon closing of the offering, Eva Bellissimo and Peter Vukanovich will resign as directors of the company, to be succeeded by Grant Sboros and Neil Said.
Neil Said is a business executive and corporate securities lawyer who works for various Toronto Stock Exchange, TSX Venture Exchange and Canadian Securities Exchange-listed companies in the mining, oil & gas, cannabis and technology industries.
Grant Sboros is a Chartered Accountant and holds an Honors degree in Accounting Science from the University of South Africa. Mr. Sboros has extensive mining experience in Africa in both operations and finance.
Euro Sun is a 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.
Euro Sun Mining Inc. (ESM) opened trading at C$0.065.
