Eurotin Inc.
TSX VENTURE : TIN

Eurotin Inc.

September 12, 2014 16:52 ET

Eurotin Inc. Completes $218,700 Private Placement and Files Technical Report

TORONTO, ONTARIO--(Marketwired - Sept. 12, 2014) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Eurotin Inc. (TSX VENTURE:TIN) ("Eurotin" or the "Company"), is pleased to announce that the Company has completed a private placement for gross proceeds of $218,700 through the issuance of 3,645,001 common shares at a price of $0.06 per share (the "Offering").

Certain subscribers to the private placement were non-arm's length parties. The shares issued under this private placement will be subject to a 4 month hold period expiring on January 12, 2015. The Company intends to use the net proceeds from the Offering to continue development of the Oropesa tin project and for general working capital purposes.

The Company is also pleased to announce that it has filed the independent technical report with respect to the preliminary economic assessment of its Oropesa tin project located in southern Spain. As previously announced in Eurotin's press release dated August 6, 2014, this report is titled "A Preliminary Economic Assessment/Scoping Study of the Oropesa Tin Deposit" and was prepared by SRK Consulting (UK) Limited under National Instrument 43-101- Standards of Disclosure for Mineral Projects. This technical report is available in its entirety under the Company's profile at www.sedar.com.

Forward looking statements

This press release includes certain forward-looking statements within the meaning of Canadian securities laws that are based on the expectations of the Company as of the date of this press release. There can be no assurance that such statements will prove accurate, and actual developments are likely to differ, in some case materially, from those expressed or implied by the forward-looking statements contained in this press release.

Forward-looking statements contained in this press release are based on a number of assumptions that may prove to be incorrect, including, but not limited to, the terms of the Offering, the planned use of the proceeds, the receipt of all regulatory approvals, general market conditions, general economic conditions, the timing of the closing of the Offering and changes in the laws, rules and regulations applicable to the Company. In addition to being subject to a number of assumptions, forward-looking statements in this press release involve known and unknown risks, uncertainties and other factors that may cause actual developments to be materially different from those expressed or implied by such forward-looking statements. The Company has no intention, nor obligation, to update the forward-looking statements contained in this press release. Readers of this press release are cautioned not to place undue reliance on any such forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Eurotin Inc.
    David Danziger
    Interim CEO, President and Director
    (416) 515-3923
    www.eurotin.ca