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Euro Sun Mining Inc T.ESM

Alternate Symbol(s):  CPNFF

Euro Sun Mining Inc. is a Canada-based mining company. The Company is focused on the exploration and development of its 100%-owned Rovina Valley gold and copper project located in west-central Romania. The Company holds the Rovina Valley Project through a mining license which covers a total of 27.68 square kilometers (km2). The Rovina Valley Project consists of three copper-gold porphyry systems referred to as Rovina, Colnic and Ciresata. The Colnic Deposit is located approximately 2.5 km south of the Rovina Deposit and the Ciresata Deposit is approximately 4 km south of the Colnic Deposit. The Rovina gold deposit holds about 400 million tons of confirmed resources containing 7.0 million ounces of gold and 1.4 billion pounds of copper.


TSX:ESM - Post by User

Bullboard Posts
Comment by grape562000on Feb 06, 2019 9:58am
86 Views
Post# 29325404

RE:RE:RE:PEA

RE:RE:RE:PEAThank you Urai. Of course I would like things to unfold as you suggest. But the current equity raise/offer would out us at 85M shares ($11M CAD / .4 cents = 27M shares) + 1 warrant for each share purchased = ~ 110M shares. Still, if the remainder of the needed capital would be raised at more favorable prices, I would not object. That said, ESM has just withdrawn the equity offering due to unfavorable market conditions and so for the moment, I am satisfied that common sense has prevailed and we can look forward to an even better outcome.
Bullboard Posts