EurOmax Resources Limited announces that on August 20, 2008 it closed $750,000 of its $1,500,000 financing announced on July 9, 2008. Under this revised financing EurOmax issued 1.5 million Units at $0.50 per Unit for gross proceeds of $750,000. Each Unit will consist of one Common Share and one half of a Warrant to non arms length investors. One Warrant entitles the holder to purchase one Common Share at a price of $0.60 for 24 months following the Closing Date. The Common Shares issued and any Common Shares issued from the exercise of the Warrants are subject to a hold period until December 21, 2008.
The net proceeds of the Common Shares shall be used for general corporate purposes and development of the Company’s mineral properties in Southeast Europe.