Eagle Mountain Mining Limited: Placement Completes
Perth, Australia - Eagle Mountain Mining Ltd. (ASX:EM2) (OTCMKTS:EGMMF) is pleased to confirm that the first tranche of its recently announced placement (ASX 24 March 2022) to raise $16 million before costs has settled.The first tranche of the Placement to institutional and sophisticated investors which raised $15 million before costs through the allotment of 33,333,332 shares at 45 cents has been completed.
An entity associated with Mr Charles Bass the Company's Managing Director and major shareholder will be taking the balance of the placement, subject to shareholder approval.
About Eagle Mountain Mining Limited:
Eagle Mountain Mining Ltd. (ASX:EM2) (OTCMKTS:EGMMF) is a copper-gold explorer focused on the strategic exploration and development of the Oracle Ridge Copper Mine and the highly prospective greenfield (Silver Mountain) project, both located in Arizona, USA.
Arizona is at the heart of America's mining industry and home to some of the world's largest copper discoveries such as Bagdad, Miami and Resolution, one of the largest undeveloped copper deposits in the world.
Source:
Eagle Mountain Mining Ltd.
Contact:
Tim Mason BEng, MBA, GAICD Chief Executive Officer tim@eaglemountain.com.au Mark Pitts B.Bus, FCA, GAICD Company Secretary mark@eaglemountain.com.au Jane Morgan Investor and Media Relations jm@janemorganmanagement.com.au