EPM Mining completes first tranche of up to $85 mln in PE funding
EPM Mining Ventures Inc (TSX-V: EPK) has closed the first tranche of a previously announced private placement deal that will potentially give the company up to $85 million to develop its sulphate of potash project at the Sevier Playa in Utah. EPM, a Toronto-based mining business focused on specialty fertilizers, received about $10.35 million in proceeds in a first installment from Australian private equity firm EMR Capital. As a result, EMR's Donald Carroll and Robert Curtis have been appointed to the company's board of directors. Subsequent deal tranches are tied to specific project milestones.
1 June 2015•5 mins read
