LONDON, United Kingdom, March 8, 2013 /CNW/ - Investec Bank plc ("Investec") reports that on March 7, 2013, Investec acquired 9,259,259 common shares (the "Common Shares") of Euromax Resources Ltd. ("Euromax") pursuant to a private placement of Euromax, at a price of $0.54 per Common Share (the "Private Placement"). The Common Shares acquired by Investec pursuant to the Private Placement represent approximately 10.9% of the issued and outstanding common shares of Euromax.
Investec did not own any securities of Euromax prior to the Private Placement.
The Common Shares were acquired for investment purposes. Investec will evaluate its investment in Euromax from time to time and may, based on such evaluation of market conditions and other circumstances, increase or decrease shareholdings in Euromax as circumstances require. No person is acting jointly or in concert with Investec in connection with the purchase of the Common Shares.
This press release is issued pursuant to National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, which also requires a report to be filed with regulatory authorities in each of the jurisdictions containing additional information with respect to the foregoing matters (the "Early Warning Report"). For further information and to obtain a copy of the Early Warning Report filed under applicable Canadian securities laws in connection with the transactions hereunder, please see Euromax's profile on the SEDAR website www.sedar.com.SOURCE Investec Bank Plc