Greenland Resources Provides Update on EUR 50 Million Equity Investment
Financial Post ·
NUUK, Greenland -- Greenland Resources (TSX:MOLY | OTCQX:GRLRF | FSE:M0LY) is pleased to provide an update on the potential €50 million equity financing previously announced on April 27 that may include the European Innovation Council’s EIC STEP program and an industry investor. The EIC Fund’s due diligence process is progressing and in parallel, negotiations are ongoing with the parties involved. As previously announced, the Company has already completed the program’s initial stages: the eligibility assessment, including receipt of the Sovereignty STEP Seal for project excellence, and the panel of jurors’ recommendation about a potential investment by EIC Fund. Read More