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Euro Manganese Inc. (ASX: EMN) has increased its previously announced financing due to strong demand, raising up to C$11.2 million (A$12.3 million). The placement has been upsized from C$5.9 million (AU$6.5 million) to C$9.8 million (AU$10.8 million), meeting the condition to raise C$8 million. Notably, Eric Sprott, through 2176423 Ontario Ltd., has committed C$3 million (AU$3.3 million), while the European Bank for Reconstruction and Development (EBRD) has increased its subscription to C$3.9 million (AU$4.2 million).
The Share Purchase Plan (SPP) has been revised to AU$1.5 million, with Orion Resource Partners covering any shortfall. Proceeds will fund the Chvaletice Manganese Project and strategic partnerships. The company has rescheduled its Annual and Special General Meeting to May 15, 2025, to seek shareholder approval for the issuance of new securities. Canaccord Genuity and Foster Stockbroking are joint lead managers for the placement.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
