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Eagle Mountain Mining Ltd (ASX:EM2) Placement Completes with Additional $1 Million
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Eagle Mountain Mining Limited (ASX:EM2) (OTCMKTS:EGMMF) is pleased to confirm that the second and final tranche of its recently announced placement (ASX 28 September 2021) to raise $16 million before costs has settled.
The second tranche of the Placement, to an entity associated with Mr Charles Bass the Company's Managing Director and major shareholder, raised $1 million through the allotment of 1,538,462 shares at 65 cents and was completed following shareholder approval on 19 November 2021.
The first tranche of the Placement, which raised $15 million before costs through the allotment of 23,081,539 shares, was completed on 1 October 2021.
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
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