By Devika Patel
Knoxville, Tenn., June 7 - Eurasian Minerals Inc. said it has completed the first tranche of a C$5.28 million private placement of stock, raising C$4.4 million. The deal priced May 18.
The company is selling 2.4 million common shares at C$2.20 per share to Newmont Mining Corp. It sold 2 million shares in this tranche.
Based in Vancouver, B.C., Eurasian is a mineral exploration company.
| Issuer: | Eurasian Minerals Inc.
|
| Issue: | Common shares
|
| Amount: | C$5.28 million
|
| Shares: | 2.4 million
|
| Price: | C$2.20
|
| Warrants: | No
|
| Investor: | Newmont Mining Corp.
|
| Pricing date: | May 18
|
| Settlement date: | June 7 (for C$4.4 million)
|
| Stock symbol: | TSX Venture: EMX
|
| Stock price: | C$2.20 at close May 17
|
| Market capitalization: | C$60.5 million
|
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