Euro Sun Announces $2.15 Million Private Placement
EURO SUN ANNOUNCES $2.15 MILLION PRIVATE PLACEMENT
November 1, 2024
Toronto, Ontario
NOT FOR RELEASE IN THE UNITED STATES OR TO U.S. NEWS WIRE SERVICES
Euro Sun Mining Inc., (TSX: ESM) (“Euro Sun” or the “Company”) is pleased to announce that
it intends to complete a non-brokered private placement financing of up to 43,000,000 units of the
Company (the “Units”) at a price of C$0.05 per Unit for gross proceeds to the Company of up to
approximately C$2.15 million (the “ Offering”). Each Unit will consist of one common share of
Euro Sun and one share purchase warrant of Euro Sun (“ Warrant”). Each Warrant will be
exercisable to acquire one common share of Euro Sun at a price of C$0.05 per share for 24
months from the closing of the Offering.
Closing of the Offering is expected to occur on or about December 13, 2024 and may close in
one or more t ranches. All securities issued in connection with the Offering will be subject to a
statutory hold period of four -months and one day. Completion of the Offering is subject to a
number of conditions, including without limitation, receipt of Toronto Stock Exchange approval.
Euro Sun intends to use the proceeds of the Offering for general corporate purposes.
The Company may pay finder’s fees to eligible finders in accordance with the policies of the
Toronto Stock Exchange.
About Euro Sun Mining Inc.
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.
Further information:
For further information about Euro Sun Mining, or the contents of this press release, please
contact Investor Relations at [email protected].
Caution regarding forward-looking information:
This press release contains "forward -looking information" within the meaning of applicable
Canadian securities legislation. Forward -looking information includes, without limitation,
statements regarding the Offering and use of proceeds of the Offering . 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.sedarplus.ca and on the
Company's website at www.eurosunmining.com. Although the Company has attempted to identify
important factors that could cause actual results to differ materially from those contained in
forward-looking information, there may be other factors that cause results not to be as anticipated,
estimated or intended. There can be no assurance that such information will prove to be accurate,
as actual results and future events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on forward-looking information.
The Company does not undertake to update any forward -looking information, except in
accordance with applicable securities laws.
The TSX does not accept responsibility for the adequacy or accuracy of this news release.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the
securities in the United States. The securities have not been and will not be registered under the
United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state
securities laws and may not be offered or sold within the United States or to, or for the account or
benefit of U.S. persons (as defined in Regulation S under the 1933 Act) absent such registration
or an applicable exemption from such registration requirements.