Brief: Solway Investment Proposes Ilovica-Shtuka Project JV With Euromax

Euromax Resources

25/04/2019 18:24

April 25 (Reuters) - Solway Investment Group GmBH:
    * SOLWAY INVESTMENT GROUP GMBH - DELIVERED A PROPOSAL TO
EUROMAX
RESOURCES LTD.
    * SOLWAY INVESTMENT GROUP GMBH - PROPOSAL WILL ADDRESS
EUROMAX'S
LONG-TERM FINANCING AND DEVELOPMENT REQUIREMENTS
    * SOLWAY INVESTMENT GROUP - UNDER SOLWAY PROPOSAL, SOLWAY &
EUROMAX WOULD FORM JV COMPRISING SOLWAY'S BUCHIM PROJECT &
EUROMAX'S ILOVICA-SHTUKA PROJECT
    * SOLWAY INVESTMENT GROUP - UNCLEAR HOW PRIVATE PLACEMENT
TRANSACTION ADVANCES DEVELOPMENT OF ILOVICA-SHTUKA PROJECT
    * SOLWAY INVESTMENT GROUP - SOLWAY PROPOSAL IS A "SUPERIOR
ALTERNATIVE" TO PRIVATE PLACEMENT ANNOUNCED BY EUROMAX ON MARCH
22, 2019
    * SOLWAY INVESTMENT GROUP - UNDER SOLWAY PROPOSAL, OWNERSHIP
OF
THE JV BETWEEN SOLWAY & EUROMAX WILL BE HELD 75% SOLWAY & 25%
EUROMAX
    * SOLWAY INVESTMENT GROUP - WOULD SOLE-FUND A NEW DEFINITIVE
FEASIBILITY STUDY FOR ILOVICA-SHTUKA PROJECT AND OTHER
ACTIVITIES OF JOINT VENTURE

Source text for Eikon:  ID:nCNWVp3qva 
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