Non-brokered deal to fund programs in Southeastern Europe
By Jennifer Chiou
New York, Jan. 11 - EurOmax Resources Ltd. announced a non-brokered private placement of units slated to raise C$3,256,000. The company will sell up to 14.8 million units of one common share and one non-transferable warrant at C$0.22 each.
Each warrant will be exercisable at C$0.30 for two years. The strike price is a 25% premium to C$0.24, the Jan. 10 closing share price, while the offer price is an 8.33% discount to the share price.
Proceeds will be used for the company's exploration programs in Southeastern Europe and general working capital purposes.
EurOmax is an oil, gas and mineral company based in Vancouver, B.C.
| Issuer: | EurOmax Resources Ltd.
|
| Issue: | Units of one common share and one non-transferable warrant
|
| Amount: | C$3,256,000
|
| Units: | 14.8 million
|
| Price: | C$0.22
|
| Warrants: | One non-transferable warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.30
|
| Agent: | Non-brokered
|
| Pricing date: | Jan. 11
|
| Stock symbol: | TSX Venture: EOX
|
| Stock price: | C$0.24 at close Jan. 10
|
| Market capitalization: | C$35.74 million
|
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