VANCOUVER, March 14, 2017 /CNW/ - Euromax Resources
Ltd., (TSX: EOX; OTCQX: EOXFF): ("Euromax" or the
"Company"), is pleased to announce the closing of its
previously announced non-brokered private placement (the
"Private Placement") of 3,325,582 common shares of the
Company at a price of C$0.43 per
share to a consortium of investors for net proceeds of C$1.43 million. The Company has also issued
166,279 shares to a third party finder as a commission related to
the Private Placement.
The securities issued pursuant to the Private Placement will be
subject to a hold period of four months and one day from the
closing date of the Private Placement, in accordance with
applicable Canadian securities laws.
About Euromax Resources Ltd.
Euromax has a major
development project in Macedonia
and an exploration services company in Bulgaria. We are focused on building and
operating the Ilovica-Shtuka copper/gold project in Macedonia, as well profitably deploying the
wealth of exploration experience within our Bulgarian Exploration
Services subsidiary.
Forward-Looking Information
This news release contains forward-looking information.
Forward-looking statements include, but are not limited to, use of
proceeds from the Offering, the continued advancement of the
company's general business development, research development and
the company's development of mineral exploration projects. When
used in this press release, the words "will", "shall",
"anticipate", "believe", "estimate", "expect", "intent", "may",
"project", "plan", "should" and similar expressions may identify
forward-looking statements. Although Euromax believes that their
expectations reflected in these forward looking statements are
reasonable, such statements involve risks and uncertainties and no
assurance can be given that actual results will be consistent with
these forward-looking statement. Important factors that could cause
actual results to differ from these forward-looking statements
include the potential that fluctuations in the marketplace for the
sale of minerals, the inability to implement corporate strategies,
the ability to obtain financing and other risks disclosed in our
filings made with Canadian securities regulators available on SEDAR
at www.sedar.com. Forward-looking statements
contained herein are made as of the date of this news release and
Euromax disclaims any obligation to update any forward-looking
statements, whether as a result of new information, future events
or results or otherwise, except as required by applicable
securities laws.
SOURCE EurOmax Resources Ltd.