EOX Euromax Resources Ltd

Euromax Resources Ltd. 8 March 2013 (TSX VENTURE:EOX) (OTCQX:EOXFF): ("Euromax"
or the "Company") is pleased to announce that it has closed the previously
announced non-brokered private placement to raise gross proceeds of $8 million
(the "Private Placement") through the issuance of a total of 14,814,815 common
shares of the Company at a price of $0.54 per share. All of the shares issued in
connection with the Private Placement are subject to a four month hold period
expiring 8 July 2013. 


Euromax intends to use the proceeds of the Private Placement to further the
accelerated development of its flagship Ilovitza project, resource definition
and progression of its other properties and for general working capital
purposes.


Investec Bank plc Appointment update 

As previously announced, Investec Bank plc ("Investec) has been appointed as
Lead Banker to perform the roles of Global Project Finance Co-ordinator and
Treasury Arranger to the Company in consideration for which the Company agreed,
subject to TSX Venture Exchange ("TSXV") approval, to issue to Investec common
share purchase warrants (the "Warrants") as set out in the Company's press
release of 23 January 2013. The parties have subsequently entered into an
amended and restated letter agreement whereby the circumstances under which the
issuance of the Warrants would be triggered were amended in order to address
comments received from the TSXV.


About Euromax Resources Ltd. 

Euromax is a Canadian exploration and development company with three gold and
base metal assets in Macedonia, Bulgaria and Serbia. We are focused on
identifying, acquiring and developing mineral resources in South Eastern Europe
with the objective of becoming a world-class mining company in the region. Our
strength is our local staff, knowledge and technical expertise in Bulgaria,
Serbia and Macedonia.


This news release contains forward-looking statements including but not limited
to statements regarding the use of proceeds from the Private Placement. In
making the forward-looking statements in this release, the Company has applied
certain factors and assumptions that are based on information currently
available to the Company as well as the Company's current beliefs and
assumptions made by the Company. Although the Company considers these
assumptions to be reasonable based on information currently available to it,
they may prove to be incorrect, and the forward-looking statements in this
release are subject to numerous risks, uncertainties and other factors that may
cause future results to differ materially from those expressed or implied in
such forward-looking statements. Readers are also encouraged to review all
Company documents filed with the securities authorities in Canada, including the
Management Discussion and Analysis in respect of the Company's recent financial
statements under the heading "Operational and Other Business Risks", which
documents describe material factors and assumptions and risks that apply to the
forward-looking statements in this release. Readers are cautioned not to place
undue reliance on forward-looking statements. The Company does not intend, and
expressly disclaims any intention or obligation to, update or revise any
forward-looking statements whether as a result of new information, future events
or otherwise, except as required by law.


This news release does not constitute an offer to sell or solicitation of an
offer to sell any securities in the United States. The securities have not been
and will not be registered under the United States Securities Act of 1933, as
amended (the "U.S. Securities Act") or any state securities laws and may not be
offered or sold within the United States or to U.S. Persons unless registered
under the U.S. Securities Act and applicable state securities laws or an
exemption from such registration is available.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Euromax Resources Ltd.
Steve Sharpe
President & CEO
+44 (0)20 3667 2970
ssharpe@euromaxresources.co.uk


Euromax Resources Ltd.
Karen Atchison
Investor Relations Manager
+44 (0)20 3667 2970
katchison@euromaxresources.co.uk
www.euromaxresources.com

Euromax Resources (TSXV:EOX)
Historical Stock Chart
From Dec 2024 to Jan 2025

Euromax Resources (TSXV:EOX)
Historical Stock Chart
From Jan 2024 to Jan 2025