Euro Manganese Inc.: Euro Manganese Announces Closing of Second Tranche of Private Placement
VANCOUVER, British Columbia, Dec. 16, 2020 (GLOBE NEWSWIRE) Euro Manganese Inc. (TSX-V / ASX: EMN) (the
Company or
EMN ) is pleased to announce that, following the approval by its shareholders at a special meeting held on December 10, 2020, it has closed the second tranche (the
Tranche 2 Placement ) of the private placement (the
Offering ) announced on October 21, 2020.
The Tranche 2 Placement was comprised of 1,216,862 common shares (
Shares ) and 26,883,138 CHESS Depositary Interests (
CDIs , with each CDI representing one Share) at a price of C$0.19 per Share and A$0.20 per CDI, respectively, for aggregate gross proceeds of C$5,339,000 (A$ 5,620,000). The Tranche 2 Placement consisted of (i) subscriptions for 1,022,230 Shares and 26,883,138 CDIs issued in excess of the number of securities permitted to be issued by the Company without obtaining prior shareholder appr
Euro Manganese Announces Closing of Second Tranche of Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
VANCOUVER, British Columbia, Dec. 16, 2020 (GLOBE NEWSWIRE) Euro Manganese Inc. (TSX-V / ASX: EMN) (the “
Company” or “
EMN”) is pleased to announce that, following the approval by its shareholders at a special meeting held on December 10, 2020, it has closed the second tranche (the “
Tranche 2 Placement”) of the private placement (the “
Offering”) announced on October 21, 2020.
The Tranche 2 Placement was comprised of 1,216,862 common shares (“
Shares”) and 26,883,138 CHESS Depositary Interests (“
CDIs”, with each CDI representing one Share) at a price of C$0.19 per Share and A$0.20 per CDI, respectively, for aggregate gross proceeds of C$5,339,000 (A$ 5,620,000). The Tranche 2 Placement consisted of (i) subscriptions for 1,022,230 Shares and 26,883,138 CDIs issued in excess of t