TSX-V:EOXwww.
euromaxresources.
comEUROMAXANNOUNCESCOMPLETIONOFCONVERTIBLEDEBTFINANCINGSWITHEBRDANDCCCFORAGGREGATEGROSSPROCEEDSOFAPPROXIMATELYUSD$10,000,000EuromaxResourcesLtd.
–Vancouver,May20,2016(TSX-V:EOX):("Euromax"orthe"Company"),ispleasedtoannouncethat,furthertoitsannouncementonApril29,2016,theCompanyhastodaysatisfiedtherequireddisbursementconditionsunderaconvertibleloanagreement(the"ConvertibleLoanAgreement")withtheEuropeanBankforReconstructionandDevelopment(the"EBRD"),andthegrossloanproceedsofUSD$5,000,000(the"LoanDisbursement")havebeendisbursedbytheEBRDandareexpectedtobereceivedbytheCompanynextweek.
Inaddition,theCompanyisalsopleasedtoconfirmthatithastodaycompleteditspreviouslyannouncedprivateplacementofconvertibledebentures(the"ConvertibleDebentures")pursuanttoaconvertibledebenturesubscriptionandinvestorrightsagreementdatedApril29,2016(the"SubscriptionAgreement").
TheConvertibleDebentureswereissuedtoanaffiliateofConsolidatedContractorsCompanyGroup("CCCGroup").
TheConvertibleLoan,theConvertibleDebenturesandanysecuritiesconvertedintothereunderaresubjecttothecustomaryfourmonthholdperiodforaprivateplacement.
TheLoanDisbursementandtheproceedsfromtheConvertibleDebentureswillbeusedtofundtheon-goingpre-developmentwork,includingfeasibility,capex,optimisationandthepreparationofthefront-endengineeringdesignfortheIlovicaprojectintheFYRMacedonia.
ImmediatelypriortothecompletionoftheLoanDisbursement,theEBRDhadownershipandcontroloveratotalof23,368,547commonsharesoftheCompany,representing19.
99%oftheissuedandoutstandingcommonshares.
AssumingaconversionbytheEBRDofalloftheamountsowingorpotentiallyowingundertheConvertibleLoanAgreement,aconversionpriceforallamountsundertheConvertibleLoanAgreementofC$0.
40pershare,usingaBankofCanadanoonrateon19May2016,theEBRDwouldacquireownershipandcontroloveratotalof23,302,395commonsharesofEuromax,representing16.
63%oftheissuedandoutstandingcommonshares.
Immediatelyfollowingsuchaconversion,togetherwiththecommonsharesalreadyownedbyEBRDandassumingconversionofthewarrantsoftheCompanyheldbytheEBRD,theEBRDwouldhaveownershipandcontrolover52,585,942commonsharesofEuromax,representing36.
00%oftheissuedandoutstandingcommonshares.
TheEBRD,OneExchangeSquare,London,EC2A2JN.
UnitedKingdom,enteredintotheConvertibleLoanAgreementforinvestmentpurposes.
Dependingonmarketconditionsandotherfactors,theEBRDmayfromtimetotimeacquireand/ordisposeofsecuritiesofEuromaxorcontinuetoholditscurrentposition.
AcopyoftheearlywarningreportrequiredtobefiledwiththeapplicablesecuritiescommissionsinconnectionwiththistransactionwillbeavailableonSEDARatwww.
sedar.
comandcanbeobtainedbycontactingUlmasMusalievat+442073387224.
Forfurtherinformationregardingtheforegoingtransactions,pleaseseethematerialchangereportoftheCompanydatedMay9,2016,preparedandfiledpursuanttoCanadiansecuritieslawsundertheCompany'sSEDARprofileatwww.
sedar.
com.
CopiesoftheConvertibleLoanAgreementandtheSubscriptionAgreementarealsoavailableundertheCompany'sSEDARprofileatwww.
sedar.
com.
TSX-V:EOXwww.
euromaxresources.
comAboutEuromaxResourcesLtd.
EuromaxhasamajordevelopmentprojectinMacedoniaandanexplorationservicescompanyinBulgaria.
WearefocusedonbuildingandoperatingtheIlovitzacopper/goldprojectinMacedonia,aswellprofitablydeployingthewealthofexplorationexperiencewithinourBulgarianExplorationServicessubsidiary.
Forward-LookingInformationThisnewsreleasecontainsforward-lookingstatementsincludingbutnotlimitedtostatementsregardingtheexpecteduseofproceedsoftheLoanDisbursementandtheConvertibleDebentures.
Incertaincases,forward-lookinginformationmaybeidentifiedbysuchtermsas"proposed","expects","may","shall","will",or"would'.
Inmakingtheforward-lookingstatementsinthisrelease,theCompanyhasappliedcertainfactorsandassumptionsthatarebasedoninformationcurrentlyavailabletotheCompanyaswellastheCompany'scurrentbeliefsandassumptionsmadebytheCompanyincluding,withrespecttomineralresourceestimates,thatthekeyassumptionsandparametersonwhichsuchgeologicalinterpretationsarebasedarereasonable,thattheCompanywillbeabletoobtainthenecessarysupplies,equipment,personnelandanyfinancingrequiredtocarryoutitsplannedactivities,thattheCompany'sobjectivesconcerningtheIlovicaprojectcanbeachievedandthattheCompany'sactivitieswillproceedasexpected.
AlthoughtheCompanyconsiderstheseassumptionstobereasonablebasedoninformationcurrentlyavailabletoit,theymayprovetobeincorrect,andtheforward-lookingstatementsinthisreleasearesubjecttonumerousrisks,uncertaintiesandotherfactorsthatmaycausefutureresultstodiffermateriallyfromthoseexpressedorimpliedinsuchforward-lookingstatements.
Suchriskfactorsmayinclude,amongothers,thatthatmineralresourcesarenotasestimated,unexpectedvariationsinmineralresources,gradeorrecoveryrates,actualresultsofexplorationactivitieswillbedifferentthananticipated,dataandassumptionsunderlyingthegeologicalinterpretationsmayprovetobeinaccurate,incompleteortohavebeenincorrectlyinterpreted,thattheCompanywillnotbeabletoobtainthenecessarysupplies,equipment,personnelandanyadditionalfinancingrequiredtocarryoutitsplannedactivities.
ReadersarealsoencouragedtoreviewallCompanydocumentsfiledwiththesecuritiesauthoritiesinCanada,includingtheManagementDiscussionandAnalysisinrespectoftheCompany'srecentfinancialstatementsundertheheading"OperationalandOtherBusinessRisks",whichdocumentsdescribematerialfactorsandassumptionsandrisksthatapplytotheforwardlookingstatementsinthisrelease.
Readersarecautionednottoplaceunduerelianceonforward-lookingstatements.
TheCompanydoesnotintend,andexpresslydisclaimsanyintentionorobligationto,updateorreviseanyforward-lookingstatementswhetherasaresultofnewinformation,futureeventsorotherwise,exceptasrequiredbylaw.
NeitherTSXVentureExchangenoritsRegulationServicesProvider(asthattermisdefinedinthepoliciesoftheTSXVentureExchange)hasreviewedoracceptsresponsibilityfortheadequacyoraccuracyofthisrelease.
Formoreinformation,pleasevisitwww.
euromaxresources.
comorcontact:SteveSharpe,President&CEOT:+44(0)2036672970E:ssharpe@euromaxresources.
co.
ukEuromaxResourcesLtd.
10thFloor,595HoweStreetVancouver,BCV6C2T5,CanadaCorrespondenceAddress:5thFloor,12BerkeleyStreet,London,UnitedKingdomW1J8DT
RAKsmart怎么样?RAKsmart发布了2021年中促销,促销时间,7月1日~7月31日!,具体促销优惠整理如下:1)美国西海岸的圣何塞、洛杉矶独立物理服务器低至$30/月(续费不涨价)!2)中国香港大带宽物理机,新品热卖!!!,$269.23 美元/月,3)站群服务器、香港站群、日本站群、美国站群,低至177美元/月,4)美国圣何塞,洛杉矶10G口服务器,不限流量,惊爆价:$999.00,...
RAKsmart怎么样?RAKsmart是一家由华人运营的国外主机商,提供的产品包括独立服务器租用和VPS等,可选数据中心包括美国加州圣何塞、洛杉矶、中国香港、韩国、日本、荷兰等国家和地区数据中心(部分自营),支持使用PayPal、支付宝等付款方式,网站可选中文网页,提供中文客服支持。本月商家继续提供每日限量秒杀服务器月付30.62美元起,除了常规服务器外,商家美国/韩国/日本站群服务器、1-10...
趣米云早期为做技术起家,为3家IDC提供技术服务2年多,目前商家在售的服务有香港vps、香港独立服务器、香港站群服务器等,线路方面都是目前最优质的CN2,直连大陆,延时非常低,适合做站,目前商家正在做七月优惠活动,VPS低至18元,价格算是比较便宜的了。趣米云vps优惠套餐:KVM虚拟架构,香港沙田机房,线路采用三网(电信,联通,移动)回程电信cn2、cn2 gia优质网络,延迟低,速度快。自行封...
www.585ccc.com为你推荐
淘宝门户淘宝网怎么样从个人中心进入首页甲骨文不满赔偿公司倒闭员工不满一年怎么赔偿百花百游百花净斑方多少钱一盒钟神发跪求钟神发名言出处,A站大神看过来dadi.tv智能网络电视smartTV是什么牌子www.toutoulu.com外链方案到底应该怎么弄呢www.175qq.com这表情是什么?网页源代码网页的HTML代码b.faloo.com坏蛋是这样炼成的2出的最快的网站是那个?www.niuniu.com牛游戏下载去哪下载好?
安徽虚拟主机 krypt 火山主机 bluehost 精品网 rak机房 iisphpmysql debian7 最好的空间 申请个人网站 秒杀预告 域名转接 北京双线 美国网站服务器 河南移动m值兑换 银盘服务是什么 宏讯 百度云加速 中国电信网络测速 个人免费邮箱 更多