VANCOUVER, Aug. 22 /CNW/ - EurOmax Resources Limited (TSX-V: EOX.V) announces that on August 20, 2008 it closed $750,000 of its $1,500,000 financing announced on July 9, 2008. Under this revised financing EurOmax issued 1.5 million Units at $0.50 per Unit for gross proceeds of $750,000. Each Unit will consist of one Common Share and one half of a Warrant to non arms length investors. One Warrant entitles the holder to purchase one Common Share at a price of $0.60 for 24 months following the Closing Date. The Common Shares issued and any Common Shares issued from the exercise of the Warrants are subject to a hold period until December 21, 2008.
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 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
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EurOmax Resources Limited is listed on TSX Venture Exchange Symbol: EOX
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Contacts www.euromaxresources.com Investor Relations: David Stothard T: (347) 284-0062
d.stothart@euromaxresources.com
350.77 (3.70%)
