New York, Aug. 25 - Euro Ressources SA said it has agreed to sell C$1.2 million of units to Macquarie Bank Ltd.
The company will sell 4 million units at C$0.30 per unit.
Each unit will be made up of one share and one quarter of a warrant. Each full warrant will allow for the purchase of one share at a price of C$0.65 per share and will run for two years.
Euro Ressources will use proceeds for working capital.
Euro Ressources is a Paris-based company that acquires mineral royalties on operating gold mines.
| Issuer: | Euro Ressources SA
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| Issue: | Units of stock and 0.25 warrants
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| Amount: | C$1.2 million
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| Units: | 4 million
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| Price: | C$0.30
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| Warrants: | 1 million
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| Warrant strike price: | C$0.65
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| Warrant term: | 2 years
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| Pricing date: | Aug. 25
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| Investor: | Macquarie Bank Ltd.
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