Euro Manganese (ASX:EMN) - President & CEO, Marco Romero - The Market HeraldPresident & CEO, Marco RomeroSource: Mining Journal
  • Canadian mineral resource company Euro Manganese (EMN) has closed the second tranche of its placement
  • In July, the company announced its aim to raise C$4.04 million (about A$4.27 million) over a two-tranche private placement
  • On August 19, shareholders gave the tick of approval for the phase two placement to proceed
  • Tranche two included over 6.8 million shares and over 37 million CHESS depositary interests (CDIs) at C$0.061 (around A$0.064) per share
  • Funds from the placement will be used to further progress EMN's Chvaletice Manganese Project in the Czech Republic
  • On the market this morning, Euro is down 12.1 per cent and is trading for 5.8 cents per share