E2 Metals Raises $8.5m from a placement cornerstoned by Eric Sprott
- E2 Metals (E2M) receives firm commitments to raise $8.5 million through a placement to fund further exploration
- It was supported by renowned global investor Eric Sprott who will become a substantial shareholder in the company
- E2Metals will issue 48.6 million new shares at a price of 17.5 cents each
- Participants will receive an attaching option for every two shares subscribed for, exercisable at 26 cents and expiring in about two years
- Shares are trading 6.82 per cent lower today at 20.5 cents
