EURO MANGANESE INC. FILES FINAL PROSPECTUS AND ANNOUNCES INITIAL PUBLIC OFFERINGS IN CANADA AND AUST

Updated: May 4

EURO MANGANESE INC. FILES FINAL PROSPECTUS AND ANNOUNCES INITIAL PUBLIC OFFERINGS IN CANADA AND AUSTRALIA


NR 2018-02


Vancouver, Canada (September 24, 2018) – Euro Manganese Inc. ("EMN" or the "Company") today announced that it has obtained a receipt for its final prospectus filed with the securities regulatory authorities in the provinces of British Columbia, Alberta and Ontario, and has entered into an agency agreement (the "Agency Agreement") with Canaccord Genuity Corp. ("Canaccord Canada") for the initial public offering (the "Offering") of its common shares. Pursuant to the Agency Agreement, the Company has agreed to issue 10,000,000 common shares of the Company ("Common Shares") at a price of $0.25 per share for total gross proceeds of $2,500,000. A copy of the final prospectus in respect of the Offering is available on SEDAR at www.sedar.com.

Concurrently with the Offering, the Company intends to complete an initial public offering on the Australian Securities Exchange ("ASX") by creating 25,000,000 CHESS Depository Interests (each, a "CDI" and each CDI representing one fully paid Common Share, at a price of A$0.26 (equivalent to $0.25/share at the time that the offer management agreement with respect to the Australian Offering was entered into)) for gross proceeds of A$6,600,000 (approximately $6,100,000) (the "Australian Offering"). Canaccord Genuity Australia Limited is managing the Australian Offering. Gross proceeds to the Company from the Offering and Australian Offering (together, the "Offerings") are expected to be approximately $8,600,000.

The Offerings are expected to be completed on or about October 1, 2018 (the "Closing Date") and are subject to customary closing conditions, including the receipt of all necessary regulatory approvals. EMN has received conditional listing approval from the TSX Venture Exchange (the "TSXV") for the listing of the Common Shares being issued under the Offering. Similarly, EMN has received conditional listing approval from the ASX for the listing of its CDIs being issued and sold pursuant to the Australian Offering. Listing remains subject to EMN fulfilling customary TSXV and ASX closing requirements. The Common Shares and CDIs are expected to commence trading on the TSXV and ASX, respectively, under the symbol "EMN" on each exchange on the Closing Date.

No securities regulatory authority has either approved or disapproved of the contents of this news release. The Common Shares and CDIs have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws. Accordingly, the Common Shares and CDIs may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities of EMN in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Euro Manganese Inc. Euro Manganese Inc. is a mineral resource company, whose principal focus is the evaluation and development of the Chvaletice Manganese Project, which entails re-processing an important manganese deposit hosted in historic mine tailings, strategically-located in the Czech Republic. The Company’s goal is to become a leading, competitive and environmentally-superior supplier of ultra-high-purity manganese products, serving the lithium-ion battery industry, as well as producers of specialty steel and aluminum alloys.

Forward Looking Statements This press release contains certain forward-looking statements, including statements regarding the completion of the Offerings, the anticipated Closing Date, and the listing of the Common Shares and CDIs on the TSXV and ASX, respectively. Words such as "expected", "will", "anticipates" and "intends" or similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions and no assurance can be given that the Offerings will be completed on the terms described. Completion of the Offerings is subject to numerous conditions, many of which are beyond EMN's control, including, without limitation, failure to satisfy customary closing conditions and the risk factors and other matters set forth in EMN's final long form prospectus available on SEDAR at www.sedar.com. EMN undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.

Contact: Investor Inquiries: Marco A. Romero, President & Chief Executive Officer (604)-681-1010 info@mn25.ca Website: www.mn25.ca


Download news release here:

EURO MANGANESE INC
. FILES FINAL PROSPECT
Download FILES FINAL PROSPECT • 167KB

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