Euro Sun Mining Completes $22 Million Bought Deal Financing

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DEVELOPING THE SECOND LARGEST GOLD DEPOSIT IN EUROPE

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Euro Sun Mining Completes $22 Million Bought Deal Financing

posted on Jun 05, 2020 04:42PM

2020-06-05 03:11:16 PM ET (MT Newswires)

03:11 PM EDT, 06/05/2020 (MT Newswires) -- Euro Sun Mining Inc. (ESM.TO) has completed its previously announced bought deal prospectus offering of 57.23 million units at $0.39 each for aggregate gross proceeds of $22.3 million. This includes a partial exercise of the underwriters' over-allotment option for 5.95 million units.

Each unit is comprised of one common share and one half of one common share purchase warrant entitling the holder to purchase one common share at $0.55 by June 5, 2023.

Net proceeds will be used for the exploration and development of the company's projects, and for working capital purposes.

Price: 0.33, Change: -0.01, Percent Change: -2.94

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