Euro Sun Mining Issues US$200,000 Promissory Note
03 April 2024 - 9:00AM
Euro Sun Mining Inc., (TSX: ESM) (“
Euro
Sun” or the “
Company”) is pleased to
announce that it has issued a convertible promissory note (the
“
Note”) to John Robins and James Paterson (the
“
Lenders”) providing for a principal amount of
US$200,000 (the “
Principal Amount”) and maturing
on March 22, 2025. The Note bears interest at 6% per annum,
compounded monthly, and is secured against all of the assets and
property of the Company pursuant to an amended and restated general
security agreement. The Principal Amount and all interest accrued
thereon is convertible into common shares of the Company (the
“
Conversion Shares”) at a price of $0.045 per
Conversion Share.
Euro Sun intends to use the Principal Amount for
working capital costs in Canada and Romania.
All Conversion Shares issued under the
Promissory Note are subject to a hold period of four months and one
day from the date of issuance.
About Euro Sun Mining Inc.
Euro Sun is a Toronto Stock Exchange listed
mining company focused on the exploration and development of its
100%-owned Rovina Valley gold and copper project located in
west-central Romania, which hosts the second largest gold deposit
in Europe.
Further information:
For further information about Euro Sun Mining,
or the contents of this press release, please contact Investor
Relations at info@eurosunmining.com
Caution regarding forward-looking
information:
This press release contains "forward-looking
information" within the meaning of applicable Canadian securities
legislation. Forward-looking information includes, without
limitation, issuance of the Conversion Shares and use of proceeds
of the Principal Amount. Forward-looking information is subject to
known and unknown risks, uncertainties and other factors that may
cause the actual results, level of activity, performance or
achievements of the Company to be materially different from those
expressed or implied by such forward-looking information, including
risks inherent in the mining industry and risks described in the
public disclosure of the Company which is available under the
profile of the Company on SEDAR at www.sedar.com and on
the Company's website at www.eurosunmining.com. Although the
Company has attempted to identify important factors that could
cause actual results to differ materially from those contained in
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such information will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking information. The Company
does not undertake to update any forward-looking information,
except in accordance with applicable securities laws.
The TSX does not accept responsibility for the
adequacy or accuracy of this news release.
This news release does not constitute an offer
to sell or a solicitation of an offer to buy any of the securities
in the United States. The securities of the Company have not been
and will not be registered under the United States Securities Act
of 1933, as amended (the “U.S. Securities Act”), or any state
securities laws and may not be offered or sold within the United
States or to, or for the account or benefit of U.S. persons (as
defined in Regulation S under the 1933 Act) absent such
registration or an applicable exemption from such registration
requirements
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