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.
