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Euromax Resources ( (TSE:EOX) ) has provided an announcement.
Euromax Resources Ltd. has announced the issuance of a non-interest bearing, unsecured promissory note worth US$804,000 to Galena Resource Equities Limited, a major shareholder. This transaction, classified as a ‘related party transaction,’ aims to provide Euromax with short-term working capital as the company currently lacks operational cash flow and anticipates needing additional funding by the end of the year.
More about Euromax Resources
Euromax Resources Ltd. is engaged in the development of a major project in North Macedonia, focusing on the construction and operation of the Ilovica-Shtuka gold-copper project.
Average Trading Volume: 47,617
Technical Sentiment Signal: Hold
Current Market Cap: C$10.66M
See more insights into EOX stock on TipRanks’ Stock Analysis page.