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Euromax Resources Ltd Closes $8 Million Non-Brokered Private Placement


Friday, 8 Mar 2013 10:35am EST 

Euromax Resources Ltd announced 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 July 8, 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. 

Company Quote

0.42
0.04 +10.53%
14 Aug 2014