Euro Sun Mining Inc. (TSX:ESM) is pleased to announce that it has closed the previously announced non-brokered private placement financing of 6,144,291 common shares at a price of $1.40 per share for gross proceeds of $8.6 million.
Euro Sun intends to use the proceeds from this private placement for the advancement of its wholly-owned Rovina Valley Project, and for general working capital purposes.
Closing of the Company’s previously announced concurrent brokered private placement for gross proceeds of up to $2 million is expected to occur on or about October 10, 2017.
All securities issued under the Offering will be subject to a hold period expiring four months and one day from the date hereof.
About Euro Sun Mining Inc.
Euro Sun is a Toronto Stock Exchange listed mining company focused on the exploration and development of its 100%-owned Rovina Valley Gold and Copper Project located in west-central Romania. The property hosts 10.84 million gold equivalent ounces (7.19 million ounces of gold grading 0.55 g/t and 1,420 million pounds of copper grading 0.16%*), making it the second largest gold deposit in Europe.
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