TSXV: EOX
www.euromaxresources.com
VANCOUVER, BC, Feb. 3, 2025 /CNW/ - Euromax Resources Ltd. (TSXV: EOX): ("Euromax" or the "Company"), announces that further to its news release dated January 14, 2025, it has today completed the issuance of 23,698,977 common shares of the Company (the "Common Shares") to the European Bank for Reconstruction and Development ("EBRD") pursuant to the debt settlement agreement entered into between the Company and EBRD on January 14, 2025 (the "DSA"). Each Common Share was issued at a deemed offering price of C$0.015 per Common Share (collectively, the "Transaction"). Pursuant to the DSA, the Company agreed to issue the Common Shares in order to repay C$355,484.65 to EBRD, representing a portion of the accrued finance delay interest 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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