European Electric Metals Closes Financing
488-1090 West Georgia St. www.europeanelectricmetals.com
Vancouver B.C. Canada V6E3V7 [email protected]
Tel: 604-687-7130 TSX-V: EVX
December 7, 2018
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European Electric Metals Closes Financing
European Electric Metals Inc. (TSXV: EVX ) (OTC PINK: EVXXF ) (“EVX”) (the “ Company”)
announces that it has closed on subscriptions of $315,000 under its Private Placement announced on November
23, 2018.
The Private Placement comprised 1,260,000 Units issued at $0.25 per Unit with each U nit consisting of one
common share and one -half common share purchase warrant, with each whole warrant exercisable into one
common share at an exercise price of $0.35 for a period of 18 months from the date of issue. All securities
issued under this Private Placement will be subject to a four-month resale restriction.
One insider subscribed for 60,000 Units under the Private Placement, which is considered to be a related party
transaction within the meaning of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101. The
Company is relying on the exemptions from the valuation and minority shareholder approval requirements of
MI 61-101 contained in Sections 5.5(a) and 5.7(1)(a) thereof in respect of this insider participation.
No finders’ fees were payable on the Private Placement. Proceeds will be used for general working capital.
About European Electric Metals Inc.
European Electric Metals Inc. is a Canadian listed public Company, with a focus on electrification themed
projects in Europe. A major shareholder of EVX is the European Bank for Reconstruction and Development.
The goal of EVX is to become a major source of battery metals such as copper, nic kel and cobalt, and the
Company seeks to do so within safe, stable and logistically attractive European jurisdictions. The Company's
projects are ideally located with excellent road, port and grid power availability, and near European countries
that are poised to experience dramatic growth in the electric-vehicle-manufacturing industry. There is a strong
battery-manufacturing industry within Europe with many more projects in the pipeline.
On behalf of the Company,
Fred Tejada
Chief Executive Officer and Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.