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Euromax Announces Closing of Issuance of Common Shares to Galena in Connection with Repayment of Debt

Newswire.ca - Thu Sep 4, 2025

TSXV: EOX
www.euromaxresources.com

VANCOUVER, BC, Sept. 4, 2025 /CNW/ - Euromax Resources Ltd. (TSXV: EOX): ("Euromax" or the "Company"), announces today that further to its news release dated August 5, 2025, it has now completed the issuance of 43,747,183 common shares in the capital of the Company (the "Common Shares") to Galena Resource Equities Limited ("Galena") pursuant to the debt settlement agreement entered into between the Company and Galena on August 5, 2025 (the "DSA"). The Common Shares were 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 US$475,000(C$654,787.50) to Galena, representing settlement in full of the outstanding debt owing to the Galena under the non-interest bearing, unsecured, non-convertible promissory note issued by the Company to Galena in April 2025.

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