|Bid||0.4100 x 0|
|Ask||0.4150 x 0|
|Day's Range||0.4050 - 0.4700|
|52 Week Range||0.2250 - 1.8200|
|Beta (3Y Monthly)||-1.31|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.78|
Euro Sun Mining Inc., (ESM.TO) (“Euro Sun” or the “Company”) is pleased to announce that it intends to complete a non-brokered private placement financing of up to 10,000,000 units of the Company (each a “Unit” and collectively, the “Units”) at a price of C$0.30 per Unit for gross proceeds of up to C$3,000,000.00 (the “Offering”). Each Warrant will entitle the holder to acquire one additional common share of the Company at an exercise price of C$0.50 for a period of 24 months from issuance. If at any time after four months and one day from the closing of the Offering, the common shares of the Company trade at C$0.75 per common share or higher (on a volume weighted adjusted basis) for a period of 20 consecutive days, the Company will have the right to accelerate the expiry date of the Warrants to the date that is 30 days after the Company issues a news release announcing that it has elected to exercise this acceleration right.
TORONTO, Feb. 20, 2019 -- Euro Sun Mining Inc. (TSX: ESM) (“Euro Sun” or the “Company”) is pleased to announce the results of the Preliminary Economic Assessment (“PEA”) for.
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, which hosts the second largest gold deposit in Europe. Additional information related to Euro Sun Mining Inc. is available at www.eurosunmining.com and on SEDAR at www.sedar.com. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including risks inherent in the mining industry and risks described in the public disclosure of the Company which is available under the profile of the Company on SEDAR at www.sedar.com and on the Company's website at www.eurosunmining.com.
Euro Sun Mining Inc. (ESM.TO) (the "Company") announced today that it has filed a preliminary short form prospectus, without pricing, and will be filing an amended and restated preliminary short form prospectus, with pricing, (together, the “Prospectuses”) in connection with a marketed public offering (the “Offering”) of units (the “Units”) at an indicative price of C$0.40 per Unit (the “Offering Price”). Each Unit entitles the holder to acquire, for no additional consideration, one common share (“Common Share”) of the Company and one full warrant (each whole common share purchase warrant a “Warrant”) of the Company. Each Warrant will entitle the holder thereof to purchase one Common Share at a price of C$0.60 per Common Share, exercisable for a period of 24 months following the closing of the Offering.
Through publication in the Official Monitor, the mining license is now legally granted by Romanian law to Euro Sun’s 100% owned subsidiary, SAMAX Romania SRL, and concludes the ratification process of its exploitation permit and mining license. G. Scott Moore, President and CEO stated: “Once again we would like to thank the National Agency for Mineral Resources for their support of this important project for Euro Sun and for Romania.
Euro Sun Mining Inc. (ESM.TO) (“Euro Sun” or the “Company”) is pleased to announce the completion of the ratification process of its exploitation permit and mining license for the Rovina Valley Project in Romania. The fully approved mining license for the Rovina Valley Project will now be published in the Official Monitor of the Romanian Government. Romania has now demonstrated an open and willing embrace for mining investment, one that is sure to attract significant interest not only in the Rovina Valley project but for mining investment globally in Romania.
Euro Sun Mining Inc., (ESM.TO) (“Euro Sun” or the “Company”) is pleased to announce that it has closed its previously announced non-brokered private placement financing by issuing 4,333,333 common shares of the Company at a price of C$0.60 per common share for gross proceeds of US$2.0 million (equivalent to C$2.6 million at the exchange rate of US$1.00 to C$1.30) with Orion Mine Finance Fund II LP (the “Offering”). The gross proceeds of the Offering will be used for general corporate purposes and for the advancement of its Rovina Valley Project. The common shares will be subject to a four month hold period that expires on March 9, 2019.
Rio Tinto wants copper, and it's ready to pay top-dollar. The global miner would be willing to fork out a large premium over market value to secure a prime asset as it tries to reduce its reliance on iron ore, company and banking sources told Reuters.
VANCOUVER/TORONTO (Reuters) - The weak human rights record of one of Africa's poorest countries is coming between Lundin Mining Corp (LUN.TO) and its pursuit of a prized European copper and gold asset. Cash-rich Lundin's latest run at fellow Canadian miner Nevsun Resources Ltd (NSU.TO) is designed to bag the Timok project in Serbia, but it had to bring on a partner to pick up Nevsun's Bisha mine in Eritrea. Lundin Mining's biggest shareholder is a private investment company owned by a Lundin family trust, with a near 13-percent stake, Thomson Reuters data shows.