EBRD subscribes for US$5 million convertible debenture in Euromax Resources

The European Bank for Reconstruction and Development (“EBRD”) invested US$5 million into Euromax Resources Limited, a company listed on the TSX Venture Exchange, by way of a convertible debenture.  The EBRD is an international financial institution that supports projects throughout central and eastern Europe, central Asia and the southern and eastern Mediterranean region. The proceeds from the EBRD convertible loan will be used to fund pre-development work, including feasibility, capex, optimisation and the preparation of the front-end engineering design.