Honey Badger Silver Inc press release
EurOmax announces $300,000 financing
TSXV - TSX Venture Exchange · Silver · Gold · Zinc · Lead · Copper · Antimony · Tellurium · Arsenic · Bismuth · Iron · Gallium · Germanium · Canada
VANCOUVER, May 13 /CNW/ - EurOmax Resources Limited (TSX-V: EOX) ("EurOmax") announces that it has arranged a non-brokered Private Placement financing of 2 million Units at $.15 per Unit for gross proceeds of $300,000. Each Unit will consist of one Common Share and one Warrant. One Warrant will entitle the holder to purchase one Common Share at a price of $0.18 for 12 months after the closing date and a price of $0.20 between 12 months and 24 months following the Closing Date.
The net proceeds of the Common Shares shall be used for general corporate purposes and development of the Company's mineral properties in Southeast Europe. The Common Shares issued will be subject to a 4-month hold period, and the Private Placement is subject to regulatory approval.
"John Menzies" John Menzies Chairman & CEO
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" Chairman and CEO
EurOmax Resources Limited is listed on TSX Venture Exchange Symbol: EOX