PRK Partners has advised a Vancouver based publicly traded battery materials company Euro Manganese Inc.

PRK Partners has advised a Vancouver based publicly traded battery materials company Euro Manganese Inc. (EMN) on strategic equity investment by the European Bank for Reconstruction and Development (EBRD) in the amount of appx. CAD $ 8,5 million. Upon completion of the private placement EBRD holds approximately 4,4% of EMN’s shares holding 17,800,000 common shares of EMN.

PRK Partners

The proceeds will be down streamed to EMN’s Czech affiliated company MANGAN Chvaletice, s.r.o. to finance costs of the manganese extraction project (e.g. preparation and operation of the demonstration plant, feasibility study, and permitting and EIA costs).

On behalf of PRK Partners the legal team was led by partner Daniel J. Rosicky.