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Euromax Resources ( (TSE:EOX) ) has issued an update.
Euromax Resources has closed the second and final tranche of its previously announced non-brokered private placement, issuing 73,257,815 common shares at C$0.0325 per share for gross proceeds of approximately C$2.38 million, with the sole participant being an insider. The funds, which remain subject to final TSX Venture Exchange acceptance, will primarily support office and administrative costs, salaries, legal and finance expenses, project working capital and professional fees, underscoring the company’s reliance on insider financing and providing short-term liquidity to advance its corporate obligations and the Ilovica-Shtuka project.
More about Euromax Resources
Euromax Resources Ltd. is a mineral development company focused on building and operating the Ilovica-Shtuka gold-copper project in North Macedonia, positioning itself within the precious and base metals mining sector.
Average Trading Volume: 44,698
Technical Sentiment Signal: Hold
Current Market Cap: C$18.87M
For detailed information about EOX stock, go to TipRanks’ Stock Analysis page.