TORONTO, ONTARIO--(Marketwired - March 24, 2017) - Eurotin Inc. ("Eurotin" or the "Company") (TSX VENTURE:TIN) announces that further to its press release dated February 8, 2017, the Company continues to work towards closing a private placement of up to 20,000,000 common shares in the capital of the Company ("Shares") for gross proceeds of up to $1,000,000 at a price of $0.05 per Share (the "Offering"). The Company intends to complete the closing of the Offering no later than mid-April.
The funds raised pursuant to the Offering will be used by the Company for further development of its Oropesa tin deposit ("Oropesa") in southwestern Spain including ongoing metallurgical work and the completion of a feasibility study.
This news release contains forward-looking statements and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the Offering, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are risks detailed from time to time in the filings made by the Company with securities regulators.
The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. As a result, the Company cannot guarantee that any forward-looking statement will materialize and the reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will only update or revise publicly any of the included forward-looking statements as expressly required by Canadian securities law.
Neither 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.
President and CEO