EurOmax announces $1.5 million financing

About this update from Euromax Resources Ltd.

[{"type":"text","content":"\n\n\n\nVANCOUVER, July 9 /CNW/ - EurOmax Resources Limited (TSX-V: EOX)\nannounces that it has arranged a non-brokered Private Placement financing of\n3 million Units at $0.50 per Unit for gross proceeds of $1,500,000. Each Unit\nwill consist of one Common Share and one Warrant to arms length investors. Two\nWarrants will entitle the holder to purchase one Common Share at a price of\n$0.60 for 24 months following the Closing Date. The Closing Date is expected\nto be July 29, 2008.\n\n\nThe net proceeds of the Common Shares shall be used for general corporate\npurposes and development of the Company's mineral properties in Southeast\nEurope. The Common Shares issued will be subject to a 4-month hold period, and\nthe Private Placement is subject to regulatory approval.\n\n\nThe TSX Venture Exchange does not accept responsibility for the adequacy\n\n\nor accuracy of this release.\n\n\nOn Behalf of the Board of Directors\n\n\n"John C. Menzies"\n\n\nChairman and CEO\n\n\n-------------------------------------------------------------------------\n\n\nEurOmax Resources Limited is listed on TSX Venture Exchange Symbol: EOX\n\n\n-------------------------------------------------------------------------\n\n\n","length":1297,"tagName":"div"}]

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