Euromax Resources Finalizes EBRD Securities Issuance for Debt

Euromax Resources Bolsters Finances with EBRD Debt-Relief Deal

Euromax Resources Ltd. (TSXV: EOX) has taken another step to steady its finances and keep key work moving. The company completed a transaction issuing additional securities to the European Bank for Reconstruction and Development (EBRD). The aim is simple and concrete: partially repay outstanding debt and, in doing so, reinforce the company’s financial footing so it can stay focused on its projects.

What the Transaction Includes

Under the previously announced debt settlement terms, Euromax issued 12,292,899 units to EBRD. Each unit consists of one common share plus one share purchase warrant. The units were priced at C$0.02, and each warrant is exercisable at C$0.05 for a period of five years. Through this structure, Euromax is applying approximately C$245,857.98 toward repayment of its obligations to EBRD. The mechanics are straightforward: shares and long-dated warrants are being issued now, and the company reduces a portion of its debt immediately.

Ownership Changes and Control

Before the issuance, EBRD held about 4.2% of Euromax’s common shares. Following the transaction, that interest rises to roughly 6.4%. On a fully converted and exercised basis—if all shares and warrants were taken up—EBRD’s total beneficial ownership could reach approximately 16.27%. Even with this increase, Euromax does not expect a material change in control. The company stated it is relying on specific exemptions from certain formalities that normally apply to related-party transactions, which helps streamline the process without altering day-to-day control.

Regulatory Steps and Disclosure

Euromax intends to file a material change report for this private placement within the timelines required by applicable securities laws. The company did not file a report more than 21 days before closing because the transaction remained under review by the TSX Venture Exchange, and completion depended on receiving the necessary approvals. In other words, the timing reflected regulatory sequencing rather than a change in intent.

About Euromax Resources Ltd.

Company Focus

Euromax Resources is centered on advancing its flagship Ilovica-Shtuka gold-copper project in North Macedonia. The project sits at the heart of the company’s growth plans and underpins its efforts to expand and develop its mining operations.

Outlook

Management remains optimistic. By shoring up its financial position through strategic arrangements like the one with EBRD, Euromax aims to navigate market challenges while continuing to advance its core project. It’s a practical approach: reduce debt pressure where possible, preserve momentum at Ilovica-Shtuka, and keep building a sturdier foundation for what comes next.

Frequently Asked Questions

Why did Euromax issue securities to EBRD?

The issuance supports a partial repayment of debt owed to EBRD. Reducing that burden strengthens Euromax’s financial position and helps the company stay focused on advancing its projects.

How many units did EBRD receive, and what do they include?

EBRD received 12,292,899 units. Each unit includes one common share and one share purchase warrant, with the warrants exercisable at C$0.05 for five years.

What is EBRD’s ownership after the transaction, and how high could it go?

EBRD’s ownership increases to about 6.4% of Euromax’s outstanding common shares. If all applicable shares and warrants were exercised or converted, total beneficial ownership could reach approximately 16.27%.

Where is Euromax’s main project?

The Ilovica-Shtuka gold-copper project is in North Macedonia. It is the company’s principal development focus.

Does this deal change who controls Euromax?

No. Euromax does not expect a material change in control. The company is relying on certain exemptions from formalities typically associated with related-party transactions, which allows the deal to proceed without affecting control.

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