By Devika Patel
Knoxville, Tenn., Dec. 4 - European Minerals Corp. said it has set the size of a previously announced private placement of stock. The deal priced for up to C$25 million on Dec. 3. The company said today it will raise C$22.4 million.
The company will sell 17,496,875 common shares at C$1.28 per share.
Canaccord Adams Ltd. will be the agent.
Proceeds will be used for advancement of the company's mineral projects and general corporate purposes. The deal is expected to settle on Dec. 18
Based in London, European Minerals is a mineral exploration and development company focused on identifying, acquiring and developing resource projects.
| Issuer: | European Minerals Corp.
|
| Issue: | Common shares
|
| Amount: | C$22,396,000
|
| Shares: | 17,496,875
|
| Price: | C$1.28
|
| Warrants: | No
|
| Underwriters: | Canaccord Adams Ltd.
|
| Pricing date: | Dec. 3
|
| Downsized: | Dec. 4
|
| Settlement date: | Dec. 18
|
| Stock symbol: | Toronto: EPM
|
| Stock price: | C$1.33 at close Dec. 3
|
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