Euro Manganese (ASX:EMN) Completes Oversubscribed Security Purchase Plan
Security Purchase Plan
Euro Manganese completed its Security Purchase Plan (SPP) on 9 May 2025, raising A$1.5 million through the issue of 7,692,307 CDIs at A$0.195 each. The SPP was oversubscribed, with over A$1.9 million received from more than 200 Eligible Securityholders in Australia and New Zealand. Participants received one free-attaching unlisted warrant per CDI, exercisable at CAD$0.225 until 23 November 2026.
Use of Proceeds
The funds raised will support the ongoing development of the Chvaletice Manganese Project in the Czech Republic and related strategic initiatives, including customer offtake negotiations and securing a strategic investor.
Executive Comments
CEO Martina Blahova stated, “We are extremely pleased with the strong interest shown by our shareholders in the SPP. We thank shareholders for their ongoing support and look forward to progressing the Chvaletice Manganese Project during this transformational time of the company.”
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