TSXV: EOX
www.euromaxresources.com
VANCOUVER, BC, Sept. 10, 2024 /CNW/ - Euromax Resources Ltd. (TSXV: EOX): ("Euromax" or the "Company"), announces today that further to its news release dated August 6, 2024, it has now completed the issuance of 12,292,899 units of the Company (the "Units") to the European Bank for Reconstruction and Development ("EBRD") pursuant to the debt settlement agreement entered into between the Company and EBRD on August 5, 2024 (the "DSA"). Each Unit consists of one common share in the capital of the Company (each, a "Common Share") and one Common Share purchase warrant (each, a "Warrant"), and was issued at a deemed offering price of C$0.02 per Unit (collectively, the "Transaction"). Each Warrant is exercisable for one Common Share for a period of five years from the date of issuance, at an exercise price of C$0.05. Pursuant to the DSA, the Company agreed to issue the Units in order to repay C$245,857.98 to EBRD, representing a portion of the outstanding debt owing to the EBRD under the convertible debenture issued by the Company to EBRD in principal amount of USD$5 million, as amended (the "Debenture").
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