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Euromax Resources ( (TSE:EOX) ) has provided an update.
Euromax Resources Ltd. has announced a proposed private placement to issue and sell up to 122,096,357 common shares at a price of $0.0325 per share, aiming to raise up to C$3,968,132. The proceeds from this offering are intended to cover various operational costs, including office expenses, salaries, and project working capital. The offering involves insiders and other investors but is not expected to significantly alter the company’s control. The completion of the offering is contingent upon TSXV acceptance and other customary conditions, with a four-month resale restriction on the issued securities.
More about Euromax Resources
Euromax Resources Ltd. is a company focused on the development and operation of the Ilovica-Shtuka gold-copper project in North Macedonia.
Average Trading Volume: 35,573
Technical Sentiment Signal: Hold
Current Market Cap: C$11.32M
Learn more about EOX stock on TipRanks’ Stock Analysis page.