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Euro Sun Mining Amends Royalty Agreement; Shareholders Elect Board Members
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Euro Sun Mining Amends Royalty Agreement; Shareholders Elect Board Members
Jun 18, 2024 5:03 AM

07:39 AM EDT, 06/18/2024 (MT Newswires) -- Euro Sun Mining ( CPNFF ) late on Monday reported an amendment to the terms of a net smelter return royalty agreement with certain purchasers for the Rovina Valley project in Romania.

Under the amended terms, the remaining payments will comprise US$660,000 due June 14 and the remainder by Sept. 30.

The company said it has repaid all principal owing under its secured debenture dated Dec. 6, 2023.

Euro Sun said shareholders approved the election of Grant Sboros, Neil Said, Deborah Battiston and Martin Schuermann to the board of directors. Shareholders also voted in favor of the appointment of the company's auditors while approving the share incentive plan.

Euro Sun's share price fell 7.7% yesterday to $0.06.

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