An anonymous director reports
EURO SUN MINING CLOSES US$3 MILLION STRATEGIC EQUITY INVESTMENT
Euro Sun Mining Inc. has closed its previously announced non-brokered $3-million (U.S.) strategic equity investment by Urion Investments Holdings Ltd., a Trafigura Group company. For more information about the investment, please see the company's news release dated Sept. 3, 2026, a copy of which is available under the company's SEDAR+ profile.
Pursuant to the investment, Euro Sun issued 21,974,210 units at a price of 19 Canadian cents per unit for gross proceeds of $3-million (U.S.) (approximately $4,175,100 (Canadian)). Each unit consists of one common share of the company and one-half of one common share purchase warrant. Each warrant shall be exercisable to acquire one common share at a price of 40 Canadian cents per share until Sept. 24, 2030.
The units were issued pursuant to Ontario Securities Commission Rule 72-503, Distributions Outside Canada, and are not subject to a hold period. The listing of the common shares and warrants issued pursuant to the investment remains subject to the final approval of the Toronto Stock Exchange. No finders' fees were paid in connection with the investment. The net proceeds of the investment are expected to be used for the Rovina Valley project and general corporate purposes.
In connection with the investment, Euro Sun and Trafigura Pte. Ltd. also entered into an amendment to the binding offtake agreement dated July 10, 2025, as amended and restated Dec. 15, 2025, to (among other things) provide for an offtake volume of 40 per cent effective upon closing of the investment. For more information about the offtake agreement, please see the company's news release dated July 10, 2025, a copy of which is also available under the company's SEDAR+ profile.
About Euro Sun Mining Inc.
Euro Sun is a Toronto Stock Exchange-listed mining company focused on the exploration and development of its 100-per-cent-owned Rovina Valley project, located in west-central Romania, which hosts the second largest copper and gold deposit in Europe. Already granted European strategic status, the Rovina Valley project is expected to unlock much needed investment and job creation in Hunedoara county, and will deliver critical minerals necessary for Europe's green energy transition.
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