Euromax Announces Delay in Annual Filings
Euromax Announces Delay in Annual Filings
TSXV: EOX
www.euromaxresources.com
VANCOUVER, BC
,
April 8, 2024
/CNW/ -
Euromax Resources Ltd.
(TSXV: EOX): ("
Euromax
" or
the "
Company
"), announces that the Company has not been able to meet the prescribed deadline
for filing the following continuous disclosure documents of the Company (collectively, the "
Annual
Filings
"):
the audited annual financial statements for the year ended
December 31, 2023
;
the Company's management discussion & analysis for the year ended December 31, 2023;
the annual information form for the year ended
December 31, 2023
; and
the certification of the foregoing filings as required by National Instrument 52-109 –
Certification
of Disclosure in Issuers' Annual and Interim Filings
.
Companies listed on the TSXV are usually subject to a 120 day period to report year end financial
results, which the Company has been working towards. However, since the Company's listing on
the TSXV only became effective on
9 January 2024
, the Company remained subject to the reporting
requirement of 90 days applicable to TSX issuers for the year ended 31 December 2023. As a
result, the Company was notified by its principal regulator, the Ontario Securities Commission, that it
is in default of its annual filing obligations. Euromax is making every effort to submit the Annual
Filings in a timely fashion and expects to be in a position to file the Annual Filings by no later than
April 30, 2024
. The Company will engage with the Ontario Securities Commission as necessary
during this time.
The Company will provide an update in due course and will issue a news release once the Annual
Filings have been filed.
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 responses to the Annual Filings delay, potential results of the Annual Filings
delay, and the expected timing for filing of the Annual Filings. 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, 2022
and financial statements and related
MD&A for the financial years ended
December 31, 2022
and 2021, and the unaudited condensed
consolidated interim financial statements for the three and nine months ended
September 30, 2023
and 2022 along with the accompanying MD&A, filed with the securities regulatory authorities in
certain provinces of
Canada
and available on SEDAR+ at
sedarplus.ca
. 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, unless required by applicable law.
Neither the TSX Venture Exchange nor its regulation services provider accepts responsibility for
the adequacy or accuracy of this news release.
SOURCE
Euromax Resources Ltd.
View original content:
http://www.newswire.ca/en/releases/archive/April2024/08/c8198.html
%SEDAR: 00009131E
For further information:
For more information, please visit www.euromaxresources.com or
contact: Tim Morgan-Wynne, Executive Chairman, +44 20 3918 5160,
CO: Euromax Resources Ltd.
CNW 07:45e 08-APR-24