Evrima plc Invests in Eastport's Drilling Campaigns
Evrima plc has completed an initial investment in Eastport Ventures acquiring 1.62% of the company. Furthermore, Eastport granted Evrima an exclusive period of 45 business days to increase its ownership.
Evrima subscribed for 523,667 units at C$0.30 in the pre-IPO financing. Each unit consists of one share and one subscription share warrant. The subscription warrants have a strike price of C$0.60 expiring in five years. During the exclusive period, Evrima can subscribe for an additional 2,000,000 shares on like terms. Their announcement is available on their website: Evrima PLC
The investment in Eastport will enable the company to complete its current drill campaign at Jwaneng North diamond project as well as a second drill campaign at the Matsitama copper project. Both projects are in Botswana.
Eastport is pleased to have engaged with Evrima and their team of resource-focused London-based investment specialists.
Drilling at Jwaneng North (2021aug19)