VANCOUVER, BC, Feb. 3, 2023
/CNW/ - Euromax Resources Ltd
(TSX: EOX) ("Euromax"
or the "Company") announces that Ali
Vezvaei has been appointed to the Board of Directors as Non
Executive Director. He serves as the Chief Executive Officer
for ND Group B.V., a responsible and sustainable
investment company based in the
Netherlands. ND Group's primary focus is investments with
the goal to create long lasting impact and value add for
communities and the environment, help accelerate the transition to
a low-carbon economy, while building on and developing technology
and human capital.
Tim Morgan-Wynne, Executive
Chairman, stated: "We are very pleased to welcome Ali to the
Board; his extensive international business experience and his
contribution will be greatly valued."
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 news release contains statements that are
forward-looking, such as those relating to the Company's potential
courses of action in response to recent decisions by agencies of
the government of North Macedonia,
including potential legal appeals to other courts of applicable
jurisdiction in North Macedonia or
the pursuit of international arbitration processes; the results of
any such appeals or legal processes that may be pursued by the
Company, if any; any future decisions, whether by way of appeal or
otherwise, of any agency of the government of North Macedonia or of any court of applicable
jurisdiction; whether or not any decision of any agency of the
government of North Macedonia or
of any court of applicable jurisdiction would be favourable to the
Company's interests; whether or not any decision of an agency of
the government of North Macedonia
or of any court of applicable jurisdiction that was favourable to
the Company's interests would be implemented by applicable
government authorities or could otherwise be enforced by the
Company; potential investments in the Ilovica-Shtuka Project, with
or without the support of any of the Company's current or future
third-party investors; the potential impact of any investment by
the Company or any third-party investor on the development of the
Ilovica-Shtuka Project; the effect of the development of the
Ilovica-Shtuka Project on the economy of North Macedonia, including the number of jobs
which may be produced in connection therewith; the results of
operations and financial condition of the Company; permitting and
licensing matters related to the Ilovica-Shtuka Project; capital
spending by the Company; financing sources available to the
Company, including from any current or future third-party investors
in the Company; commodity prices; mineral resources; and property
evaluation plans and programmes. Forward-looking statements are
frequently characterised by words such as "plan", "expect",
"project", "intend", "believe", "anticipate" and other similar
words, or statements that certain events or conditions "may" or
"will" occur. Forward-looking statements are based on the opinions
and estimates of management at the dates the statements are made,
and are subject to a variety of risks and uncertainties and other
factors that could cause actual events or results to differ
materially from those projected in the forward-looking statements.
This information is qualified in its entirety by cautionary
statements and risk factor disclosure contained in filings made by
the Company, including its annual information form for the year
ended December 31, 2021 and financial
statements and related MD&A for the financial years ended
December 31, 2021 and 2020, and the
three months ended September 30,
2022, filed with the securities regulatory authorities in
certain provinces of Canada and
available on SEDAR. The forward-looking statements contained
in this document are as of the date of this document, and are
subject to change after this date. Readers are cautioned that the
assumptions used in the preparation of such information, although
considered reasonable at the time of preparation, may prove to be
imprecise and, as such, undue reliance should not be placed on
forward-looking statements. Euromax disclaims any intention or
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as otherwise required by applicable law.
SOURCE Euromax Resources
