Company sells shares at 50% premium to closing price on Thursday
By Susanna Moon
Chicago, March 8 - Euromax Resources Ltd. said it closed the non-brokered private placement to raise proceeds of C$8 million by issuing 14,814,815 common shares at a price of C$0.54 per share.
The company issued the shares at a 50% premium to the company's closing price on March 7.
Proceeds will be used to further the accelerated development of its flagship Ilovitza project, resource definition and progression of its other properties and for general working capital purposes.
Vancouver, B.C.-based Euromax is a gold and base metal explorer with a European focus.
| Issuer: | Euromax Resources Ltd.
|
| Issue: | Common shares
|
| Amount: | C$8 million
|
| Shares: | 14,814,815
|
| Price: | C$0.54
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | March
|
| Stock symbol: | Canada: EOX
|
| Stock price: | C$0.36 at close March 7
|
| Market capitalization: | C$31.30 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
