Euro Sun Mining Issues US$200,000 Promissory Note
Summary
TORONTO, April 02, 2024 (GLOBE NEWSWIRE) -- 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 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.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.For further information about Euro Sun Mining, or the contents of this press release, please contact Investor Relations atThis 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. 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. 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.