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EurOmax Resources Limited is
pleased to announce that it has received $780,000 from the exercise of
3,850,000 warrants and $42,000 from the exercise of 198,403 stock options.
These funds were received in late December
and will be used for general working capital purposes, including continued
drilling at the Company's Ilovitza porphyry
copper-gold project in Macedonia. As of December 31, 2010 the Company has
124,110,442 common shares outstanding.
About
EurOmax Resources Limited
EurOmax is a Canadian company
focused on precious and base metal projects in Southeastern Europe. Our
strength is the local staff, knowledge and technical expertise in Bulgaria,
Serbia and Macedonia.
This
news release may contain forward-looking statements including but not limited
to comments regarding the timing and content of upcoming work programs,
resource estimates, metallurgical testing, geophysical and geochemical
surveys, drilling, geological interpretations, receipt of mining concessions
and property titles, potential mineral recovery processes and potential
partners. Forward looking statements address future events and conditions and
therefore involve inherent risks and uncertainties. Actual results
may differ materially from those currently anticipated in such statements,
and readers are encouraged to review all Company documents filed with the
securities authorities in Canada, including the Management Discussion and
Analysis in respect of the Company's recent financial statements under the
heading "Operational and Other Business Risks". These
documents describe the material factors and assumptions that were applied in
drawing the conclusions and making the forecasts and projections as reflected
in the forward-looking statements and information, and the material factors
that could cause our actual results, performance or achievements to differ
materially. We undertake no obligation to update or revise any
forward-looking statements or information made in this news release.
Neither
TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
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