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Euromax Announces Partial Repayment of Debt Owed to EBRD and Subscription by EBRD for Additional Shares

Newswire.ca - Tue Jan 14, 2025

TSXV: EOX
www.euromaxresources.com

VANCOUVER, BC, Jan. 14, 2025 /CNW/ - Euromax Resources Ltd. (TSXV: EOX): ("Euromax" or the "Company") is pleased to announce that it has entered into a debt settlement agreement dated January 14, 2025 (the "DSA") to settle a portion of the outstanding debt owing to the European Bank for Reconstruction and Development ("EBRD") under the convertible debenture issued by the Company to EBRD in principal amount of USD$5 million, as amended (the "Debenture"). Pursuant to the DSA, Euromax will be paying off C$355,484.65 representing a portion of the interest owed to EBRD under the Debenture (the "DebtRepayment Amount").

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