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
Previous article
Investment Association: Hub opens search for new engine cohort
Next article
Comet Resources: Finalises exploration deal at Barraba
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.

You May Also Like

FinTech

Regulators Strengthen Global Crackdown on Finfluencers

A new collaborative approach targets financial influencers amid rising concerns. Highlights: Financial regulators unite to control finfluencers' market impact.Concerns...
FinTech

ECB Strengthens Digital Euro Rollout with Standard Setter Agreements

New collaborations aim to facilitate the digital euro's global integration. Highlights: ECB partners with key global standard setters.Agreements aim...
FinTech

CreditNature Strengthens Nature Restoration Funding Through Everyday Transactions

New partnership enables businesses to support environmental initiatives seamlessly. Highlights: CreditNature teams up with Stabiliti for eco-friendly funding.Businesses can...
FinTech

FedNow Strengthens Instant Payments Security with New API Tool

New API tool enhances security for immediate digital transactions in the U.S. Highlights: FedNow introduces a new API tool...