Euromax Announces Board Changes Euromax Resources Ltd, Vancouver
TSX: EOX
www.euromaxresources.com
Euromax Announces Board Changes
Euromax Resources Ltd, Vancouver, 31st August 2020 - (TSX: EOX): ("Euromax" or the
"Company") announces that that Varshan Gokool has resigned from the Company's Board of
Directors and as Chief Executive Officer and President, effective August 31, 2020. As a result of
the foregoing, Mr. Gokool will no longer be included in the management slate of director
nominees being put forward at the company’s upcoming annual meeting of shareholders to be
held on September 18, 2020.
The Company has appointed Tim Morgan-Wynne, previously Non Executive Chairman and a
director of the Company for 8 years, as Executive Chairman, and Nicolas Treand as President in
addition to his executive role in charge of Macedonian affairs, both effective August 31, 2020.
Tim Morgan-Wynne, Chairman, stated: “On behalf of the Company’s Board of Directors, we
want to thank Varshan for his commitment and hard work, steering the Company through some
difficult circumstances during his 9 year tenure as both Chief Executive Officer and Chief
Financial Officer of the Company.”
“These changes are the first step in a process of refocusing on our Macedonian business and we
look forward to working with the new Government in North Macedonia to resolve the issues
relating to the Ilovitsa-Shtuka project.”
About Euromax Resources Ltd.
Euromax has a major development project in North Macedonia and is focused on building and
operating the Ilovica-Shtuka copper project.
Forward-Looking Information
This news release contains statements that are forward-looking, such as those relating to results of operations and
financial condition, permitting and licensing, capital spending, financing sources, 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 state ments 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. 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.
For more information, please visit www.euromaxresources.com or contact:
Tim Morgan-Wynne, Executive Chairman
+44 20 3918 5160