VANCOUVER, July 12, 2019 /CNW/ - Euromax Resources
Ltd (TSX: EOX): ("Euromax" or the "Company") has
received a Rejection Resolution from the Ministry of Economy of the
Republic of North Macedonia of its request for an Exploitation
Permit no. 24-4490/1.
The request was dated 25 July 2016
and concerns one of the Company's two Exploitation Concessions
covering the Ilovica-Shtuka Copper project. The rejection
resolution is based on the claim that all documents required under
law for the application were not submitted by the
Company.
The Company has 15 days to appeal this decision and intends to
do so, based on strong independent legal opinions that the Company
has already obtained and that demonstrate that the Company is
legally compliant.
The Company looks forward to resolving the situation with all
relevant Government Institutions in accordance with the Mining and
Administrative Laws of North
Macedonia.
About Euromax Resources Ltd.
Euromax has a major development project in North Macedonia and is focused on building and
operating the Ilovica-Shtuka copper-gold 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 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. 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.
SOURCE Euromax Resources