European Metals Holdings Limited (AIM:KDNC) announced that it has entered into an agreement with the returning investor 6466 Investments Pty Limited for a private placement of convertible loan for gross proceeds of up to AUD 1,000,000 on December 30, 2020. The company will raise the funding in tranches as required over 12 months. The loan is convertible into chess depositary interests (CDI) of the company at a price of 15% discount to the 10-day volume weighted average price in the company's securities. The securities to be issued upon conversion is not subject to shareholder approval.