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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 12, 2015) - Euromax Resources Ltd. (TSX VENTURE:EOX)(OTC PINK:EOXFF) ("Euromax" or the "Company") is pleased to announce that it has closed the non-brokered private placement previously announced on 9 December 2014 ("Private Placement"), pursuant to which it has issued to the European Bank for Reconstruction and Development ("the EBRD") an aggregate of 23,368,547 common shares in the Company at a price of C$0.25 per share for total proceeds of C$5.842 million. The EBRD has also been issued with 5,915,000 warrants at a strike price of C$0.40 per share with a term of five years. |
