Fatty is very hungry
Euro Sun Mining arranges $1-million financing
2023-03-23 20:09 ET - News Release
An anonymous director reports
EURO SUN ANNOUNCES $1 MILLION PRIVATE PLACEMENT
Euro Sun Mining Inc. intends to complete a non-brokered private placement financing of up to 20 million units of the company at a price of five cents per unit for gross proceeds to the company of up to approximately $1-million. Each unit will consist of one common share of Euro Sun and one-half common share purchase warrant of Euro Sun. Each warrant will be exercisable to acquire one common share of Euro Sun at a price of 7.5 cents per share for 24 months from the closing of the offering.
Closing of the offering is expected to occur on or about April 14, 2023, and may close in one or more tranches. All securities issued in connection with the offering will be subject to a statutory hold period of four months and one day. Completion of the offering is subject to a number of conditions, including, without limitation, receipt of Toronto Stock Exchange approval.
Euro Sun intends to use the proceeds of the offering for general corporate purposes.
The company may pay finders' fees to eligible finders in accordance with the policies of the Toronto Stock Exchange.