- Resource developer Euro Manganese set to raise C$11.4 M (around A$12 million) for its Chvaletice Manganese Project in the Czech Republic
- The company issued almost 2 M shares at C$0.19 (A$0.20) and 58 M chess depositary interest (CDIs) for Australian investors at 20 cents
- Then the funds will used to further progress the company’s Chvaletice Demonstration Plant, plus advancing project permits and its feasibility study
- President and CEO, Marco Romero, says he pleased to see such strong support and interest from investors
- Euro Manganese announced the placement 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
