FinTechFunding

Euro Manganese: Raises over $11M for Czech Project

  • 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
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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