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For Immediate Release |
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Dear Eric,
EUROMAX ANNOUNCES SALE OF CHINESE BULAGOU PROPERTY FOR US $15 MILLION
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Vancouver, Canada - EurOmax Resources Ltd. (�EurOmax� or the �Company�) is pleased to announce that the sale of its Bulagou Property (the �Property�) in China to Chenzhou Mining Group Co. Ltd. (listed on the Shenzhen stock exchange) closed on July 16, 2009. The total proceeds from the sale of the Property net of withholding taxes were US$ 14,992,274. EurOmax previously received an advance payment on the sale of US$ 13,531,418. The Company intends to use the proceeds of the sale of the Property for exploration on its South East European mineral properties.
See Full Press Release here
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�
Chief Executive Officer |
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Further Information
David Stothart: Investor Relations
T: +1 347 284 0062
d.stothart@euromaxresources.com
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| Copyright 2009 EurOmax Resources Ltd. All rights reserved. This material is for personal use only. Republication and redissemination, including posting to news groups, is expressly prohibited without the prior written consent of EurOmax Resources Ltd. Please do not reply to this e-mail message. . | | | | |
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Euromax Resources
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EXPLORATION STAGE |
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CODE : EOX.V |
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ISIN : CA29873T3073 |
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ProfileMarket
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Euromax is a gold and copper exploration company based in Canada. Euromax holds various exploration projects in Bulgaria, in Canada and in Macedonia. Its main exploration properties are KARAVANSALIJA, TRUN, POPINTSI and RAKITOVO in Bulgaria, KAZANDOL, CEOVISHTE, BRESTOVATZ and ILOVITZA in Macedonia and DURLAN POTOK and EYREMORE in Canada. Euromax is listed in Canada and in United States of America. Its market capitalisation is CA$ 1.2 millions as of today (US$ 858 759, € 778 980). Its stock quote reached its highest recent level on March 21, 1997 at CA$ 5.40, and its lowest recent point on September 11, 2024 at CA$ 0.01. Euromax has 116 842 737 shares outstanding. |