Business
Euromax Announces Closing of Second and Final Tranche of Non-Brokered Private Placement
Euromax Resources Ltd. (TSXV: EOX): ("Euromax" or the "Company"), announces today that, further to its news releases dated December 15, 2025 and December 30, 2025, it has closed the second and final tranche (the "Final Tranche") of its previously announced non-brokered private placement (the "Private Placement") through the issuance of 73,257,815 common shares of the Company (the "Common Shares") at a subscription price of C$0.0325 (US$0.02299) per Common Share for aggregate gross proceeds of C$
About this update from Euromax Resources Ltd.
[{"type":"text","content":"TSXV: EOXwww.euromaxresources.com","length":34,"tagName":"p","attribs":{}},{"type":"text","content":"VANCOUVER, BC, Jan. 7, 2026 /CNW/ - Euromax Resources Ltd. (TSXV: EOX): ("Euromax" or the "Company"), announces today that, further to its news releases dated December 15, 2025 and December 30, 2025, it has closed the second and final tranche (the "Final Tranche") of its previously announced non-brokered private placement (the "Private Placement") through the issuance of 73,257,815 common shares of the Company (the "Common Shares") at a subscription price of C$0.0325 (US$0.02299) per Common Share for aggregate gross proceeds of C$2,380,878.99 (US$1,684,504.73).","length":617,"tagName":"p"},{"type":"text","content":"The sole placee of the Final Tranche was an insider of the Company (the "Final Tranche Placee").","length":106,"tagName":"p"},{"type":"text","content":"The Common Shares issued pursuant to the Final Tranche are subject to a hold period of four months and one day from the date of issuance, expiring on May 8, 2026, in accordance with the policies of the TSX Venture Exchange (the "TSXV") and applicable securities laws.","length":277,"tagName":"p"},{"type":"text","content":"The gross proceeds from the Common Shares issued pursuant to the Final Tranche will be used as follows:","length":103,"tagName":"p"},{"type":"text","content":"i. Office, administration and communications costs – 20%ii. Salaries – 31%iii. Legal & administrative fees – 18%iv. Finance costs – 7%v. Project working capital – 9%vi. Tax, audit & accounting fees – 15%","length":216,"tagName":"p","attribs":{}},{"type":"text","content":"Amounts representing 6% of the proceeds of the Private Placement will be used to fund normal salary payments to Non-Arms' Length Parties. Amounts representing up to 5% of the proceeds of the Private Placement may be used to fund payments to persons conducting Investor Relations Activities within the meaning of the policies of the TSXV.","length":341,"tagName":"p"},{"type":"text","content":"As the Final Tranche Placee is a related party of Euromax, in completing the Final Tranche, the Company relied on the exemptions from the formal valuation and minority approval requirements of Policy 5.9 of the TSXV and Multilateral Instrument 61-101 – Protection o...