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Euromax Resources ( (TSE:EOX) ) has shared an update.
Euromax Resources has completed the issuance of 34,965,342 common shares to Galena Resource Equities Limited to settle US$804,000 in outstanding debt under a 2025 promissory note, at a deemed price of C$0.0325 per share. The share-based debt repayment modestly increases Galena’s beneficial ownership from approximately 56.38% to 57.97% of Euromax’s outstanding shares without materially affecting control, and was carried out under exemptions from formal valuation and minority approval requirements, signalling continued balance-sheet cleanup and the ongoing strategic role of Galena as Euromax’s dominant shareholder.
More about Euromax Resources
Euromax Resources is a Vancouver-based mining company focused on developing and operating the Ilovica-Shtuka gold-copper project, a major development asset in North Macedonia, positioning the firm in the precious and base metals segment of the resources sector.
Average Trading Volume: 105,161
Technical Sentiment Signal: Buy
Current Market Cap: C$30.19M
Find detailed analytics on EOX stock on TipRanks’ Stock Analysis page.