Euromax Resources Proposes C$5.69 Million Private Placement

Euromax Resources Ltd. (TSXV: EOX) proposed a private placement targeting approximately C$5.69 million for working capital as it focuses on building and operating a gold-copper project in North Macedonia.

The company announced the financing Nov. 3, proposing to issue up to 113,828,800 units at C$0.05 each. The offering would generate approximately C$5,691,440 in gross proceeds.

Each unit would include one common share and one warrant. Each warrant would give its holder the right to buy one additional common share for C$0.075 during the two years after the offering closes.

The financing remains subject to acceptance by the TSX Venture Exchange and customary closing conditions.