VANCOUVER, July 9 /CNW/ - EurOmax Resources Limited (TSX-V: EOX) announces that it has arranged a non-brokered Private Placement financing of 3 million Units at $0.50 per Unit for gross proceeds of $1,500,000. Each Unit will consist of one Common Share and one Warrant to arms length investors. Two Warrants will entitle the holder to purchase one Common Share at a price of $0.60 for 24 months following the Closing Date. The Closing Date is expected to be July 29, 2008.
The net proceeds of the Common Shares shall be used for general corporate purposes and development of the Company's mineral properties in Southeast Europe. The Common Shares issued will be subject to a 4-month hold period, and the Private Placement is subject to regulatory approval.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
On Behalf of the Board of Directors
"John C. Menzies"
Chairman and CEO
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EurOmax Resources Limited is listed on TSX Venture Exchange Symbol: EOX
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