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BRIEF-Solway Investment Proposes Ilovica-Shtuka Project JV With Euromax

Published 2019-04-25, 01:24 p/m
BRIEF-Solway Investment Proposes Ilovica-Shtuka Project JV With Euromax

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

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