Eurasian Minerals closes $7M private placement

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By CPE News

Vancouver (pcJ News Briefs) – Eurasian Minerals Inc. (TSX-V/NYSE MKT: EMX) has closed previously announced non-brokered private placement of 5,000,000 units at $1.40 per unit for gross proceeds of $7,000,000.

Each unit consists of one common share and one-half of one non-transferable common share purchase warrant. Each whole warrant entitles the holder to purchase an additional common share for $2.00 until April 12, 2019.

The finders’ fees consisted of 246,604 units (6% of the Units sold to investors introduced by finders) issued to Sprott Global Resource Investments, Ltd. (219,424 Units), Sprott Private Wealth LP (15,000 Units), Haywood Securities Inc. (10,380 Units) and Mackie Research Capital Corporation (1,800 Units).

Eurasian Minerals leverages asset ownership and exploration insight into partnerships that advance its mineral properties, with EMX retaining royalty interests. Eurasian Minerals complements its generative business with strategic investment and third party royalty acquisition.

photo credit: Eurasian Minerals