VANCOUVER, British Columbia, Jan. 07, 2021 (GLOBE NEWSWIRE) -- Euro Manganese Inc. (TSX-V / ASX: EMN) (the "Company" or "EMN") is pleased to announce it has closed a non-brokered private placement (the "Placement") of 444,445 common shares in the capital of the Company (the "Shares") at a price of CAD $0.45 per Share. The subscription proceeds of CAD $200,000 will be used for general working capital purposes. Following the closing of the Placement, the Company will have 319,066,332 Shares issued and outstanding. In accordance with Canadian securities laws and policies of the TSX Venture Exchange, the Shares issued pursuant to the Placement are subject to a four month and one day statutory hold period expiring on May 8, 2021.
About Euro Manganese:
Euro Manganese Inc. is a Canadian waste recycling company, whose principal focus is advancing the development of the Chvaletice Manganese Project, in which it holds a 100% interest. The proposed Project entails re-processing a significant manganese deposit hosted in tailings from a decommissioned mine, strategically located in the Czech Republic. EMN's goal is to become a leading, competitive and environmentally superior primary producer of Ultra-High-Purity Manganese Products in the heart of Europe, serving both the lithium-ion battery industry, as well as producers of specialty steel and aluminum alloys.
Authorized for release by the CEO of Euro Manganese Inc.
| Contact: | ||
| Euro Manganese Inc. | ||
| Marco A. Romero | Fausto Taddei | |
| President & CEO | Vice President, Corporate Development & Corporate Secretary | |
| +1-604-681-1010 ext. 101 | +1-681-1010 ext. 105 |
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.mn25.ca
Company Address:
1500 – 1040 West Georgia Street,
Vancouver, British Columbia, Canada, V6E 4H8
