TORONTO, April 02, 2024 (GLOBE NEWSWIRE) — Euro Sun Mining Inc., (TSX: ESM) (“Euro Sun” or the “Company”) is pleased to announce that it has issued a convertible promissory note (the “Note”) to John Robins and James Paterson (the “Lenders”) providing for a principal amount of US$200,000 (the “Principal Amount”) and maturing on March 22, 2025. The Note bears interest at 6% per annum, compounded monthly, and is secured against all of the assets and property of the Company pursuant to an amended and restated general security agreement. The Principal Amount and all interest accrued thereon is convertible into common shares of the Company (the “Conversion Shares”) at a price of $0.045 per Conversion Share.
Euro Sun intends to use the Principal Amount for working capital costs in Canada and Romania.
All Conversion Shares issued under the Promissory Note are subject to a hold period of four months and one day from…
