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Euro Manganese (TSXV: EMN, ASX: EMN) Completes A$1.5 Million Security Purchase Plan for Chvaletice Manganese Project
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Highlights
Euro Manganese Inc. (TSXV: EMN, ASX: EMN) has successfully completed its Security Purchase Plan (SPP), raising the maximum targeted amount of A$1.5 million. This move follows the company’s previously announced upsized financing plan of up to A$12.3 million (C$11.2 million) and will directly fund the advancement of the Chvaletice Manganese Project in the Czech Republic.
The SPP received strong support from eligible Australian and New Zealand securityholders, with 204 applications totalling approximately A$1.94 million. Due to the oversubscription, Euro Manganese scaled back the applications in line with the terms of the SPP. Applications for A$2,000 worth of new CHESS Depository Interests (CDIs) were allocated in full, while larger applications were proportionally reduced based on the applicants’ holdings as of the record date.
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