Euromax Resources is pleased to announce that it has closed its previously announced non-brokered private placement for gross proceeds of approximately CAD$1.2 million. Pursuant to the Private Placement, the Company has issued approximately 21 million units, each Unit consisting of one common share of the Company and one common share purchase warrant of the Company, at a price of CAD$0.057075 per Unit. Each Warrant may be [...]
Euromax Resources is pleased to announce that it intends to complete a non-brokered private placement of up to approximately 21 million units of the Company at a price of CAD$0.057 per Unit. The Company is anticipating aggregate gross proceeds of approximately CAD$1.2 million. Each Unit will consist of one common share of the Company and one common share purchase warrant, with each Warrant exercisable for one Common Share [...]
Euromax Resources is pleased to report that all resolutions proposed, as set out in the Notice of Meeting dated 28 July 2021, were duly passed at its Annual General Meeting held in Skopje, Republic of North Macedonia on Wednesday, September 1, 2021. At the Meeting, each of the individuals nominated by management for election as a director of the Company were duly elected and the number of directors of the Company was [...]
Euromax Resources announces a new decision in its legal process to reinstate the Company's Ilovica 6 concession. The Company has received official notification of the decision by the Higher Administrative Court of the Republic of North Macedonia to rule in favour of Euromax and overturn the previous ruling by the Lower Administrative Court. The case was originally brought by the Company challenging the legality of the [...]
Euromax Resources announces that the annual general meeting of the holders of common shares of the Company will be held on Sept 1, 2021, while the record date related to the annual general meeting will be on July 28, 2021. About Euromax Resources Ltd. Euromax has a major development project in North Macedonia and is focused on building and operating the Ilovica-Shtuka gold-copper project. Forward-Looking Information This [...]
Euromax Resources announces that the Company has obtained agreements from each of the European Bank for Reconstruction and Development and CC Ilovitza Ltd, an affiliate of Consolidated Contractors Company Group, to extend the maturity date of EBRD's and CCC's previously issued convertible debentures in the aggregate principal amounts of USD$5,000,000 and CAD$5,200,000, respectively, from February 28, 2021, to February 28 [...]
Euromax Resources announces that, following the final decision of the Higher Administrative Court of the Republic of North Macedonia in favour of Euromax announced on the 7th December 2020, the North Macedonia state commission responsible for implementing the Court's decision has disregarded this final Court ruling. The State Commission has instead reconfirmed the Minister of Economy's decision rejecting Euromax's [...]
Euromax Resources announces a positive decision in its legal process to reinstate its Ilovica 6 permit. Today, the Higher Administrative Court in North Macedonia has ruled in favour of the Company against the initial decision by the Ministry of Economy to terminate the Ilovica 6 permit. The Higher Administrative Court's ruling creates a new legal situation, as it is final and cannot be appealed by the Government again [...]
Euromax Resources Ltd. is pleased to report that all resolutions proposed, as set out in the Notice of Meeting dated 14 August 2020, were duly passed at its Annual General Meeting held in Skopje, North Macedonia on Friday, September 18, 2020. At the Meeting, each of the individuals nominated by management for election as a director of the Company were duly elected and the number of directors of the Corporation was fixed [...]
Euromax Resources announces that that Varshan Gokool has resigned from the Company's Board of Directors and as Chief Executive Officer and President, effective August 31, 2020. As a result of the foregoing, Mr. Gokool will no longer be included in the management slate of director nominees being put forward at the company's upcoming annual meeting of shareholders to be held on September 18, 2020. The Company has appointed [...]
Euromax Resources has today seen publication of the outcome of yesterday's 171st Government Session, and statements surrounding it. From this we understand that the Government of North Macedonia has made a decision to unilaterally terminate the concession agreement for the Ilovica 6. This is a political decision that completely contradicts recent official public statements made by the Government – as recently as in the [...]
Euromax Resources announces that Raymond Threlkeld has resigned from the Company's board of directors, effective November 13th, 2019. Tim Morgan-Wynne, Chairman, stated: "On behalf of the Company's Board of Directors, we want to thank Ray for his expertise and guidance over the past three and half years. We wish him well in his retirement and will miss the benefit of his forty-nine years dedicated experience in the mining [...]
