Flash note: Non-brokered private placement with the EBRD
Euromax has entered into a subscription agreement with the European Bank of Reconstruction and Development (EBRD). Euromax will raise the equivalent of US$5m in Canadian dollars by issuing common shares to the EBRD at a subscription price of C$0.25/share. The placement should fulfil one of the conditions precedent under Euromax’s royalty streaming agreement with Royal Gold and lead to the release of the first tranche payment of US$7.5m.
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