Business
EurOmax closes $0.75 million financing
VANCOUVER, Aug. 22 /CNW/ - EurOmax Resources Limited (TSX-V: EOX) announces that on August 20, 20...
About this update from Euromax Resources Ltd.
[{"type":"text","content":"\n\n\n\nVANCOUVER, Aug. 22 /CNW/ - EurOmax Resources Limited (TSX-V: EOX)\nannounces that on August 20, 2008 it closed $750,000 of its $1,500,000\nfinancing announced on July 9, 2008. Under this revised financing EurOmax\nissued 1.5 million Units at $0.50 per Unit for gross proceeds of $750,000.\nEach Unit will consist of one Common Share and one half of a Warrant to non\narms length investors. One Warrant entitles the holder to purchase one Common\nShare at a price of $0.60 for 24 months following the Closing Date. The Common\nShares issued and any Common Shares issued from the exercise of the Warrants\nare subject to a hold period until December 21, 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.\n\n\nThe TSX Venture Exchange does not accept responsibility for the adequacy\nor accuracy of this release.\n\nOn Behalf of the Board of Directors\n"John C. Menzies"\nChairman and CEO\n\n-------------------------------------------------------------------------\nEurOmax Resources Limited is listed on TSX Venture Exchange Symbol: EOX\n-------------------------------------------------------------------------\n\n\n","length":1317,"tagName":"div"}]