Edison Investment Research - Euromax Resources Ltd. (EOX.) Update: Strategic relationships cemented

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Edison Investment Research

Update: Strategic relationships cemented

On 8 April, Euromax announced that it is to raise up to US$30m via a strategic alliance with the mining finance vehicle of Consolidated Contractors Company (CCC). The raising will be in three tranches: a C$5.2m 9% convertible loan note this month, convertible at an equity price of C$0.40/share, plus (subject to the Ilovica project proceeding and CC Mining approval) US$5m in equity in tandem with up to US$20m in the form of a 10-year subordinated, secured loan facility at Libor plus 8%.

18/04/2016 3 EN

Underlying

Euromax Resources Ltd.

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CA29873T3073 Toronto Stock Exchange Canada

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Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Update: Strategic relationships cemented

Vermilion Short Shots: Technically Vulnerable Stocks

Euromax Appoints new Chairman and Provides Corporate Update

Euromax Announces Results of Annual General Meeting

On the Beach Group - Feeling festive

Pan African Resources - An accounting storm in a legal teacup

Cereno Scientific - All eyes on Q3 readout after Q1 update

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