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Euro Sun (TSX:ESM) closes financing arrangement

Mining
TSX:ESM
19 July 2022 08:45 (EDT)

Source: Euro Sun Mining Inc.

Euro Sun (ESM) has closed its previously announced $1.5 million security funding agreement with Lind Global Fund II, LP.

Lind Global Fund II, LP, is an investment entity managed by The Lind Partners, a New York-based institutional fund manager.

Euro Sun intends to use the funding for development expenditures at its Rovina Valley Project in Romania and general and corporate working capital purposes.

Euro Sun has issued a convertible security with a face value of $1.8 million and 12,711,864 warrants to Lind.

The Toronto Stock Exchange (“TSX”) has conditionally approved listing the common shares underlying the Convertible Security and the Warrants on the TSX.

Euro Sun Mining Inc. (ESM) opened trading at C$0.12.

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