Euromax Receives C$1 Million from Sale of Thrace Resources
27 September 2013 - 9:00PM
OTC Markets
Euromax Receives C$1 Million from Sale of Thrace Resources
Euromax Receives C$1 Million from Sale of Thrace Resources
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sep 27, 2013) -
Euromax Resources Ltd. (TSX
VENTURE:EOX)(OTCQX:EOXFF): ("Euromax" or the "Company") is pleased
to announce that it has received an additional C$1,025,000 in full
and final settlement of all further cash payment obligations under
renegotiated terms of the previously announced sale of Thrace
Resources EOOD (see news release dated May 7, 2012) which held the
mineral rights to the Breznik and Rakitovo projects in Bulgaria.
Euromax will retain a 1.5% Net Smelter Return on the first 330,000
ounces of gold and 970,000 ounces of silver produced from the
Breznik project.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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