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Euromax Announces Proposed Funding Package and Formation of Strategic Relationship With Consolidated Contractors Company for Construction of Ilovica
Euromax Resources Ltd. - 8 April 2016 (TSX-V: EOX): ('Euromax' or the 'Company'), is pleased to announce it has entered into a term sheet (the 'Term Sheet') for an investment of up to US$30 million and a strategic alliance with CC Mining S.A. ('CCM') which is related to Consolidated Contractors Company Group ('CCC Group'), in respect of certain construction activities for the Ilovica project in Macedonia.
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Euromax Announces Board Appointment
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Euromax Resources
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EXPLORATION STAGE |
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CODE : EOX.V |
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ISIN : CA29873T3073 |
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Euromax is a gold and copper exploration company based in Canada. Euromax holds various exploration projects in Bulgaria, in Canada and in Macedonia. Its main exploration properties are KARAVANSALIJA, TRUN, POPINTSI and RAKITOVO in Bulgaria, KAZANDOL, CEOVISHTE, BRESTOVATZ and ILOVITZA in Macedonia and DURLAN POTOK and EYREMORE in Canada. Euromax is listed in Canada and in United States of America. Its market capitalisation is CA$ 50.2 millions as of today (US$ 38.5 millions, € 34.9 millions). Its stock quote reached its highest recent level on March 21, 1997 at CA$ 5.40, and its lowest recent point on April 25, 2014 at CA$ 0.09. Euromax has 116 842 737 shares outstanding. |