VANCOUVER , March 10, 2017 /CNW/ - Euromax Resources Ltd., (TSX: EOX; OTCQX:
EOXFF): ("Euromax" or the "Company"), is pleased to announce a non-brokered private placement (the "Private
Placement") of 3,325,582 common shares of the Company at a price of C$0.43 per share to a
consortium of investors for net proceeds of C$1.43 million. The Company will also issue 166,279
shares to a third party finder as a commission related to the Private Placement.
The Company intends to use the proceeds of the Private Placement for development of its flagship Ilovica-Shtuka project and
for general working capital purposes. Closing of the Private Placement is subject to the receipt of all necccary regulatory
approvals, including approval of the Toronto Stock Exchange. Any securities issued pursuant to the Private Placement will be
subject to a hold period of four months and one day from the closing date of the Private Placement, in accordance with applicable
Canadian securities laws.
About Euromax Resources Ltd.
Euromax has a major development project in Macedonia and an exploration services
company in Bulgaria. We are focused on building and operating the Ilovica-Shtuka copper/gold
project in Macedonia, as well profitably deploying the wealth of exploration experience within
our Bulgarian Exploration Services subsidiary.
Forward-Looking Information
This news release contains forward-looking information. Forward-looking statements include, but are not limited to, use of
proceeds from the Offering, the completion of the Offering, the continued advancement of the company's general business
development, research development and the company's development of mineral exploration projects. When used in this press release,
the words "will", "shall", "anticipate", "believe", "estimate", "expect", "intent", "may", "project", "plan", "should" and
similar expressions may identify forward-looking statements. Although Euromax believes that their expectations reflected in these
forward looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that
actual results will be consistent with these forward-looking statement. Important factors that could cause actual results to
differ from these forward-looking statements include the potential that fluctuations in the marketplace for the sale of minerals,
the inability to implement corporate strategies, the ability to obtain financing and other risks disclosed in our filings made
with Canadian securities regulators available on SEDAR at www.sedar.com . Forward-looking statements contained herein are made as of the date of this news release and
Euromax disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events
or results or otherwise, except as required by applicable securities laws.
SOURCE EurOmax Resources Ltd.
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