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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.