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Euromax Announces Closing of Non-Brokered Private Placement and Board appointment
Euromax Announces Closing of Non-Brokered Private Placement and Board appointment ...
About this update from Euromax Resources Ltd.
[{"type":"text","content":"\n \n \n \n Euromax Announces Closing of Non-Brokered Private Placement and Board appointment\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 VANCOUVER, BC\n \n ,\n \n Oct. 1, 2021\n \n /CNW/ -\n \n Euromax Resources 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 CAD$1.2 million\n \n (the\n \n Private Placement\n \n ). Pursuant to the Private Placement, the Company has issued approximately 21 million units (the\n \n Units\n \n ), each Unit consisting of one common share of the Company (each, a\n \n Common Share\n \n ) and one common share purchase warrant (each, a\n \n Warrant\n \n ) of the Company, at a price of\n \n CAD$0.057075\n \n per Unit. Each Warrant may be exercised for the purchase of one Common Share (each, a\n \n Warrant Share\n \n ) at an exercise price of\n \n CAD$0.0761\n \n for a period of three (3) years from the closing of the Private Placement, subject to adjustment upon certain customary events. The Warrants, if exercised in full by the holders thereof, would represent additional gross proceeds to the Company of approximately\n \n CAD$1.6 million\n \n .\n \n \n The Common Shares, the Warrants and the Warrant Shares issued pursuant to the Private Placement will be subject to a four month hold period from the date of closing in accordance with applicable Canadian securities laws.\n \n \n The Company also announces that\n \n Pat Forward\n \n has been appointed to the Board of Directors as Non Executive Director.  Mr Forward is stepping down from his day to day duties as Chief Operating Officer but will remain as a senior technical consultant as well as being a member of the Board and Technical Committee.  The Company will furthe...