TSXV: EOX www.euromaxresources.com
Euromax Resources Ltd. : , 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 to the European Bank for Reconstruction and Development pursuant to the debt settlement agreement entered into between the Company and EBRD on August 5, 2024 . Each Unit consists of one common share in the capital of the Company and one Common Share purchase warrant , and was issued at a deemed offering price of C$0.02 per Unit . 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 por...