Euro Sun Closes Previously Announced Private Placement Financing
1
EURO SUN CLOSES PREVIOUSLY ANNOUNCED PRIVATE
PLACEMENT FINANCING
April 28, 2023
Toronto, Ontario
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES
Euro Sun Mining Inc., (TSX: ESM) (“ Euro Sun” or the “ Company”) is pleased to announce
that it has closed its previously announced non-brokered private placement financing of units of
the Company (the “ Offering”). Pursuant to the closing of the Offering, the Company issued
19,750,000 units of the Company (each a “ Unit” and collectively, the “ Units”) at a price of
C$0.05 per Unit for gross proceeds of C$987,500. Each Unit consists of one common share of
the Company and one half of a common share purchase warrant (each whole common share
purchase warrant, a “ Warrant”). Each Warrant will entitle the holder to acquire one additional
Common Share of the Company at an exercise price of C$0.075 per Common Share until April
28, 2025.
The Company paid an aggregate amount of $15,050 in cash commissions to certain finders.
Euro Sun intends to use the proceeds of the Offering for the advancement of its Rovina Valley
Project and for general corporate purposes.
The common shares issued under the Offering are subject to a hold period that expires on
August 29, 2023.
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.sedar.com 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