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Euromax Resources ( (TSE:EOX) ) has provided an announcement.
Euromax Resources Ltd. has announced a debt settlement agreement to repay its outstanding debt of US$475,000 to Galena Resource Equities Limited by issuing 43,747,183 common shares. This transaction is intended to preserve the company’s cash for ongoing operations and will result in Galena increasing its ownership stake in Euromax to 55.82%. The transaction is subject to customary closing conditions and is not expected to materially affect control of the company.
More about Euromax Resources
Euromax Resources Ltd. is focused on developing and operating the Ilovica-Shtuka gold-copper project in North Macedonia.
Average Trading Volume: 27,932
Technical Sentiment Signal: Sell
Current Market Cap: C$10.66M
Find detailed analytics on EOX stock on TipRanks’ Stock Analysis page.