Euro Manganese (ASX:EMN) to raise around A$12M for Czech Project

Mining

ASX:EMN MCAP $59.37M

President & CEO, Marco RomeroSource: Mining Journal

• Resource developer Euro Manganese (EMN) is set to raise C$11.4 million (around A$12 million) for its Chvaletice Manganese Project in the Czech Republic
• The company issued almost 2 million shares at C$0.19 (A$0.20) and 58 million chess depositary interest (CDIs) for Australian investors at 20 cents
• The funds will be used to further progress the company's Chvaletice Demonstration Plant, plus advancing project permits and its feasibility study
• Euro Manganese announced the placement was oversubscribed and received strong support from both new and existing shareholders
• On the market this morning, Euro is up 21.7 per cent and is trading for 28 cents

Read the full article on The Market Herald here: https://themarketherald.com.au/euro-manganese-asxemn-to-raise-around-a12m-for-czech-project-2020-10-22/