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General Legal Disclaimer
This website is the official site of Euromax Resources DOO Skopje, (“Euromax DOO”) a wholly owned subsidiary of Euromax Resources Ltd. (the “Company”). The information provided on this website is provided solely for the reader’s general knowledge. The information is not intended to be a comprehensive review of all matters and developments concerning Euromax DOO or the Company. Euromax DOO makes all reasonable efforts to update its corporate material and documentation on a timely basis. This website and the information contained herein do not constitute an offer or the solicitation of an offer for the purchase of any securities of the Company. The information on this website is not intended in any way to qualify, modify or supplement any prospectus or other information disclosed under the corporate and securities legislation of any jurisdiction applicable to the Company. No securities commission or similar authority in Canada or the United States of America has in any way passed comment on the merits of any of the information contained on this website.
This website contains forward-looking statements or forward-looking information within the meaning of applicable securities legislation (hereinafter collectively referred to as “forward-looking statements”) concerning the plans of the Company for its properties, operations and other matters. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “estimates” or “intends”, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements contained in this website include statements with respect to:
- expectations regarding the potential mineralization and geological merits of the Company’s projects, including the Ilovica-Shtuka project in Macedonia the Company’s goals regarding raising capital and conducting further exploration and potential development of its current projects;
- the Company’s proposed plans for drilling and other exploration work on its projects;
- the Company’s proposed plans for expansion and upgrading of mineral resources on its projects and completing preliminary economic assessment, pre-feasibility, feasibility and other economic studies;
- expectations regarding the continuity of mineral deposits, including in relation to adjacent or other properties (including producing or past-producing properties) that are in the vicinity or same region as the Company’s projects;
- expectations regarding any environmental issues that may affect planned or future exploration programs;
- exploration program cost estimates;
- statements with respect to the future price of gold and other metals;
- timing and completion of geological studies and reports;
- receipt and timing of permitting and other third party approvals and commencement of production; and
- government regulation of mineral exploration and development operations in the jurisdictions in which the Company’s projects are located.
Forward-looking statements are subject to a variety of risks and uncertainties, which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation:
- risks and uncertainties relating to the interpretation of drill results and other exploration data, and the geology, grade and continuity of mineral deposits;
- the risk of unexpected variations in mineral resources, grade and/or recovery rates;
- the possibility that future exploration results will not be consistent with the Company’s expectations, including in relation to any planned expansion and upgrading of mineral resources;
- risks related to the ability to obtain financing needed to fund the exploration plans of the Company and/or any joint venture partners;
- market conditions and volatility and global economic conditions;
- risks related to the inherent uncertainty of exploration cost estimates and the potential for unexpected costs and expenses;
- risks related to gold, silver, base metal and other commodity price fluctuations;
- risks related to the availability of suitable drilling and other exploration equipment and personnel;
- risks related to metallurgical characteristics of any mineralization contained within the Company’s properties are yet to be fully determined, and could be a significant risk factor;
- changes in project parameters as plans continue to be refined;
- risks related to disagreements with any joint venture partners on how to conduct exploration activities, inability of any joint venture partners to meet their obligations, and disputes or litigation between any joint venture partners;
- mining and development risks, including risks related to accidents, equipment breakdowns, labour disputes or other unanticipated difficulties with or interruptions in the exploration and development process;
- the potential for delays in exploration or development activities;
- the potential for delays in completion of geological reports, or that the contents of geological reports will not be consistent with the Company’s expectations;
- the uncertainty of profitability based upon the Company’s history of losses;
- risks related to foreign exchange rate fluctuations;
- risks related to environmental regulation and liability;
- risks associated with failure to maintain community and any applicable indigenous group acceptance, agreements, and permissions (generally referred to as “social licence”);
- competition and loss of key management and personnel;
- insurance and tax risks; and
- general risks and uncertainties related to the Company’s prospects, properties and business strategy.
These forward-looking statements are based on certain assumptions which the Company believes are reasonable, including that:
- current gold, silver, base metal and other commodity prices will be sustained, or will improve, and global market conditions will stabilize;
- additional financing required by the Company will be available on reasonable terms;
- all necessary government approvals and social licences necessary for the planned exploration and development of the Company’s mineral projects will be obtained in a timely manner and on terms acceptable to the Company;
- the Company will not experience any material accident, labour dispute or failure of plant or equipment or other material disruption in the Company’s planned exploration programs;
- exploration equipment and personnel will continue to be available on reasonable terms;
- key management and directors will continue to be retained by the Company;
- joint venture partners and other third parties, as may be applicable, will comply in all material respects with the terms of property option and/or joint venture agreements to enable funding, exploration and advancement of the Company’s projects; and
- any proposed future development of the Company’s mineral projects will be viable operationally and economically and proceed as expected.
Assumptions relating to the potential mineralization on the Company’s projects are discussed in the most recent technical reports in respect thereof which are available on this website and under the Company’s profile on the SEDAR website at www.sedar.com. Some of the important risks and uncertainties that could affect forward-looking statements are also described in the Company’s continuous disclosure filings made with Canadian securities regulatory authorities, including in its Management’s Discussion and Analysis, which are available on the SEDAR website. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date the statements are made and neither Euromax DOO nor the Company undertake any obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, other than as required by applicable laws. Investors are therefore cautioned against placing undue reliance on forward-looking statements. Additional risks and uncertainties not currently known to the Company, or that the Company currently deems to be immaterial, may also materially and adversely affect Euromax DOO and the Company’s business and prospects.
SCIENTIFIC AND TECHNICAL INFORMATION — NATIONAL INSTRUMENT 43-101 STANDARDS OF DISCLOSURE FOR MINERAL PROJECTS (“NI 43-101”) All scientific and technical information contained on this website has been reviewed and approved by Patrick Forward, a director of the Company, and a “qualified person” within the meaning of NI 43-101.
Links to Other Websites
Euromax DOO’s website contains links to facilitate visitor access to third party sites. Euromax DOO does not control any third party site and is not responsible for the contents of any linked site or any link contained in a linked site. Euromax DOO is providing such link to visitors only as a convenience and the inclusion of any link does not imply any endorsement, review, investigation or verification of any kind whatsoever by Euromax DOO in respect of the linked site or any information contained therein.
This site is controlled and operated by Euromax DOO from its offices in Macedonia. Neither Euromax DOO nor the Company make any representation that the information contained in the site is appropriate or available for use in other locations and the Company shall have no responsibility in respect of access to it from territories whose laws prohibit such access or where any aspect of the contents of this site may be illegal. Those who choose to access this site from other locations do so on their own initiative and are responsible for compliance with applicable local laws. Any claim relating to the information contained in this site shall be governed by the laws of Macedonia and the visitors to the site agree to submit to the exclusive jurisdiction of the courts of Macedonia.
Your personal data is protected in Macedonia by the Law on protection of personal information. This provides amongst other things that the data we hold about you should be processed lawfully and fairly. It should be accurate, relevant and not excessive. The information should be kept up to date, where necessary, and not retained for longer than is necessary. It should be kept securely to prevent unauthorised access by other people. You have the right to see what is held about you and correct any inaccuracies online. You can do this by emailing email@example.com.