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Euro Sun Mining names new COO for Romanian mining project

Euro Sun Mining names new COO for Romanian mining project Euro Sun Mining exploration perimeter at Rovina Valley in Romania

BUCHAREST (Romania), January 6 (SeeNews) - Canada's Euro Sun Mining said on Monday that it has appointed Samuel Rasmussen as chief operating officer (COO) for its Rovina Valley project in Romania.

In connection with the appointment, Rasmussen has been granted 1 million Euro Sun stock options, the company said in a press release.

The options vest equally over four quarters, have an exercise price of $0.30 (0.27 euro) and expire five years from the date of grant.

Rasmussen has accumulated over 25 years of experience in building and operating large tonnage mines for international miners such as Glencore, Lundin Mining, Freeport McMoRan and Anglo American, according to Euro Sun.

In December, Euro Sun closed its first tranche of a private placement financing of common shares worth 2.0 million Canadian dollars ($1.5 million/1.35 million euro) for the advancement of its Rovina Valley Project in Romania and for general corporate purposes.

Euro Sun is a Toronto Stock Exchange-listed mining company focused on the exploration and development of its 100%-owned Rovina Valley gold and copper project located in west-central Romania. The property hosts 10.11 million ounces of gold equivalent.

Formerly known as Carpathian Gold, Euro Sun changed its brand identity in September 2016.

($= 0.8932 euro)