Euro Manganese Raises AU$1.5 Million via Share Purchase Plan; Shares Down 4%

MT Newswires Live

2025/05/15

Euro Manganese (ASX:EMN) raised AU$1.5 million following the completion of its share purchase plan, according to a Thursday filing with the Australian bourse.

The capital raising consists of the issue of nearly 7.7 million CHESS Depositary Interests at AU$0.195 each.

The company received more than AU$1.9 million in valid applications and scaled back the oversubscriptions.

Funds are for the ongoing development of the Chvaletice manganese project in the Czech Republic, the filing stated.

Euro Manganese's shares were down 4% in recent trade.

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