Euromax Announces Closing of Second and Final Tranche of Non-Brokered Private Placement
TSXV: EOX
www.euromaxresources.com
Euromax Announces Closing of Second and Final Tranche of
Non-Brokered Private Placement
VANCOUVER, BC, January 7, 2026 - Euromax Resources Ltd. (TSXV: EOX): (“Euromax” or the
“Company”), announces today that, further to its news releases dated December 15, 2025 and
December 30, 2025, it has closed the second and final tranche (the “Final Tranche”) of its
previously announced non-brokered private placement (the “Private Placement”) through the
issuance of 73,257,815 common shares of the Company (the “Common Shares”) at a subscription
price of C$0.0325 (US$0.02299) per Common Share for aggregate gross proceeds of
C$2,380,878.99 (US$1,684,504.73).
The sole placee of the Final Tranche was an insider of the Company (the “Final Tranche Placee”).
The Common Shares issued pursuant to the Final Tranche are subject to a hold period of four
months and one day from the date of issuance, expiring on May 8, 2026, in accordance with the
policies of the TSX Venture Exchange (the “TSXV”) and applicable securities laws.
The gross proceeds from the Common Shares issued pursuant to the Final Tranche will be used as
follows:
i. Office, administration and communications costs – 20%
ii. Salaries – 31%
iii. Legal & administrative fees – 18%
iv. Finance costs – 7%
v. Project working capital – 9%
vi. Tax, audit & accounting fees – 15%
Amounts representing 6% of the proceeds of the Private Placement will be used to fund normal
salary payments to Non-Arms’ Length Parties. Amounts representing up to 5% of the proceeds of
the Private Placement may be used to fund payments to persons conducting Investor Relations
Activities within the meaning of the policies of the TSXV.
As the Final Tranche Placee is a related party of Euromax, in completing the Final Tranche, the
Company relied on the exemptions from the formal valuation and minority approval requirements
of Policy 5.9 of the TSXV and Multilateral Instrument 61-101 – Protection of Minority Security
Holders in Special Transactions (“MI 61-101”) contained in sections 5.5(b) and 5.7(1)(a) of MI 61-
101, respectively.
The Private Placement remains subject to the final acceptance of the TSXV.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
About Euromax Resources Ltd.
Euromax has a major development project in North Macedonia and is focused on building and
operating the Ilovica-Shtuka gold-copper project.
Forward-Looking Information
This news release contains statements that are forward-looking, such as those relating to the use of
proceeds from the Common Shares issued pursuant to the Final Tranche. Forward-looking statements are
frequently characterised by words such as “plan”, “expect”, “project”, ”intend”, ”believe”, ”anticipate” and
other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking
statements are based on the opinions and estimates of management at the dates the statements are made,
and are subject to a variety of risks and uncertainties and other factors that could cause actual events or
results to differ materially from those projected in the forward -looking statements. This information is
qualified in its entirety by cautionary statements and risk factor disclosure contained in filings made by the
Company, including its annual information form for the year ended December 31, 202 4 and financial
statements and related management’s discussion and analysis (“MD&A”) for the financial years ended
December 31, 2024 and 2023, as well as the unaudited condensed consolidated interim financial statements
and related MD&A for the three and nine months ended September 30, 2025 and 2024, filed with the
securities regulatory authorities in certain provinces of Canada and available on SEDAR+ at sedarplus.ca.
The forward-looking statements contained in this document are as of the date of this document and are
subject to change after this date. Readers are cautioned that the assumptions used in the preparation of
such information, although considered reasonable at the time of preparation, may prove to be imprecise
and, as such, undue reliance should not be placed on forward-looking statements. Euromax disclaims any
intention or obligation to update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise, unless required by applicable law.
This news release shall not constitute an offer to sell or a solicitation of any offer to buy any securities, nor
shall there be any sale of any securities in any jurisdiction in which such offer, solicitation or sale would be
unlawful. The securities referenced herein have not been, nor will they be, registered under the United
States Securities Act of 1933, as amended (the “U.S. Securities Act”), and such securities may not be offered
or sold within the United States absent registration under the U.S. Securities Act or an applicable exemption
from the registration requirements thereunder.
For more information, please visit www.euromaxresources.com or contact:
Tim Morgan-Wynne, Chief Executive Officer
+44 20 3918 5160