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| Home : EPM Mining Ventures Inc. Announces Private Placement With EMR Capital Resources Fund 1, LP |
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May 13
2015 |
EPM Mining Ventures Inc. Announces Private Placement With EMR Capital Resources Fund 1, LP |
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Highlights:- EPM Mining Ventures successfully completes financing commitment to provide the company not less than C$85 million or one-third of project equity in three tranches based upon achievement of certain milestones. - Experienced resource investor EMR Capital Resources Fund 1, LP subscribes for 34,516,129 Units of EPM at C$0.30 per Unit for gross proceeds of C$10,354,839. Each Unit is composed of one common share of EPM and one common share purchase warrant at C$0.4243 per share for an additional C$14,645,194 with a further commitment from EMR to provide C$60 million or up to one-third of project equity.- Investment proceeds will to be used to accelerate the development of the company's sulphate of potash project at the Sevier Playa in Utah. |
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| Source:http://www.marketwired.com/mw/release.do?id=2018797&sourceType=3 |
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