Euro Sun Mining Secures $3M Trafigura Investment, Committing 40% of Future Production

Euro Sun Mining closed a US$3 million strategic equity investment from Urion Investments Holdings Limited.

The investor is a subsidiary of the Trafigura Group.

Proceeds will fund the Rovina Valley gold and copper project in Romania.

The financing consisted of approximately 22 million units.

Each unit was priced at C$0.19.

Each unit includes one common share and one-half of a purchase warrant.

Euro Sun also amended its binding offtake agreement with Trafigura.

The company committed 40% of future production from the Rovina Valley Project to the firm.