Euro Manganese Makes Final Payment in the Acquisition of the Chvaletice Manganese Project
Euro Manganese Makes Final Payment in the Acquisition of the Chvaletice
Manganese Project
• EMN pays final installment in Chvaletice Manganese Project purchase
• EMN to present at Benchmark Mineral Intelligence World Tour Online
VANCOUVER, British Columbia, May 14, 2020 -- Euro Manganese Inc. (TSX-V / ASX: EMN) (the " Company" or " EMN") is
pleased to announce that it has issued the final tranche of common shares (" Shares") in connection with the acquisition of its
wholly-owned subsidiary which holds 100% of the rights to the Chvaletice Manganese Project, and that its President and CEO
will be presenting online at the Benchmark Mineral Intelligence World Tour conference.
Final Tranche of Shares Issued to Acquire Mangan Chvaletice s.r.o.
On May 13, 2020, the Company issued 3,333,333 Shares to the founding shareholders of Mangan Chvaletice s.r.o.
("Mangan ") to satisfy its final commitment pursuant to the Mangan Acquisition Agreement dated May 13, 2016 (the " Mangan
Acquisition Agreement "). The Shares were valued at $300,000 based on $0.09 per Share, being the 20-trading day volume
weighted average of the Company's share price immediately prior to the day of issuance.
Pursuant to the Mangan Acquisition Agreement, the Company acquired a 100% interest in Mangan which holds the rights to
the Chvaletice Manganese Project. The sale and purchase agreement required the issuance of Shares in five equal annual
tranches, each valued at $300,000, for a total value of $1,500,000, and the granting of a 1.2% net smelter royalty interest to
the original shareholders of Mangan. In connection with the first four tranches, the Company had previously issued a
cumulative 8,655,845 Shares, with a total value of $1,200,000.
EMN CEO, Marco Romero, to Present at Benchmark Mineral Intelligence World Tour Online
The Company’s President & CEO, Marco Romero, will be presenting at the Benchmark Mineral Intelligence (" Benchmark")
World Tour conference to be held online during the week of May 25th and featuring guests speakers and company profiles with
an upstream mining and battery grade chemical focus. The online platform has been established to provide Benchmark’s
client base with informative online seminars whilst travel is curtailed and is offered in two time zone opportunities for both
Eastern and Western hemispheres. Mr. Romero will be presenting online as follows:
Benchmark World Tour East: Tuesday, 26 May 2020, 8 AM London time; and
Benchmark World Tour West: Wednesday, 27 May 2020, 4 PM London time.
About Euro Manganese:
Euro Manganese Inc. is a Canadian mineral resource company focused on the development of the Chvaletice Manganese
Project in the Czech Republic. The Project will recycle historic mine tailings that host Europe’s largest manganese deposit
and result in an environmental remediation of this site. The European Union is emerging as a major electric vehicle
manufacturing hub. EMN's goal is to become the preferred supplier of sustainably produced ultra-high-purity manganese
products for the lithium-ion battery industry and for producers of specialty steel, high-technology chemicals and aluminum
alloys.
This announcement was authorized for release by the CEO of Euro Manganese Inc.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture
Exchange), or the ASX accepts responsibility for the adequacy or accuracy of this release.
Contact:
Euro Manganese Inc.
Marco A. Romero Fausto Taddei
President & CEO Vice President, Corporate Development
(604)-681-1010 ext. 101 & Corporate Secretary
(604)-681-1010 ext. 105
E-mail: [email protected]
Website: www.mn25.ca
Company Address:
1500 – 1040 West Georgia Street,
Vancouver, British Columbia, Canada, V6E 4H8