Euro Sun Mining (TSE:ESM) has released an update.
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Euro Sun Mining Inc. has issued a US$200,000 convertible promissory note to investors, with a 6% annual interest, convertible into common shares at $0.06 each, upon Toronto Stock Exchange approval. The proceeds are intended for working capital in Canada and Romania, with the potential for additional funding through a 30-day exclusivity negotiation period for more finance, contingent on regular advances from the lenders. The note is part of a broader financing strategy, aligning with the company’s focus on developing its Rovina Valley gold and copper project in Romania.
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