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Euro Manganese: Raises over $11M for Czech Project

October 22, 2020

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