Euromax Resources (TSE:EOX) has released an update.
Euromax Resources Ltd. has successfully closed the first tranche of a non-brokered private placement, raising approximately C$1.06 million. The placement issued over 53 million units, each comprising a common share and a warrant, despite a pre-existing cease trade order which remains in effect for all securities. Key investors include insiders and controlling shareholders of the company, such as Galena Resource Equities Limited, which now holds approximately 50.20% of the company’s shares.
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