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Euromax Announces Closing of Non-Brokered Private Placement
Euromax Announces Closing of Non-Brokered Private Placement Canada NewsWire /...
About this update from Euromax Resources Ltd.
[{"type":"text","content":"\n \n \n \n Euromax Announces Closing of Non-Brokered Private Placement\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO\n \n THE UNITED STATES\n \n /\n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n Jan. 24, 2023\n \n \n /CNW/ -\n \n Euromax\n \n \n Resources\n \n \n Ltd.\n \n (TSX: EOX): (\n \n Euromax\n \n or the\n \n Company\n \n ) is pleased to announce that it has closed its previously announced non-brokered private placement for gross proceeds of approximately\n \n US$3,000,000 million\n \n (the\n \n Private Placement\n \n ). Pursuant to the Private Placement, the Company has issued 101,250,000 units (the\n \n Units\n \n ), with each Unit consisting of: (a) one (1) common share of the Company (each, a\n \n Common Share\n \n ), (b) one half (0.5) common share purchase warrant (each, an\n \n A Warrant\n \n ), and (c) one half (0.5) common share purchase warrant (each, a\n \n B Warrant\n \n , and together with an A Warrant, the\n \n Warrants\n \n ). The Warrants are subject to adjustment upon certain customary events.\n \n \n Each A Warrant is exercisable for one Common Share (each, an\n \n A Warrant Share\n \n ) at an exercise price of\n \n C$0.075\n \n for a period of two (2) years from the date of issuance, subject to the receipt of the successful merger of the Ilovica 6 and Ilovica 11 exploitation concessions, and approval of the Environmental Impact Assessment on the merged exploitation concessions. Each B Warrant is exercisable for one Common Share (each, a\n \n B Warrant Share\n \n , and together with an A Warrant Share, the\n \n Warrant Shares\n \n ) at an exercise price of\n \n C$0.125\n \n for a period of two (2) years from the date of issuance, subject to the receipt of the approval of the exploitation permit on the merged exploitation concession for the Ilovica-Shtuka project. The Warrants, if exercised in full by the holders thereof, would represent ...