Euromax Provides Financing Update
CAN_DMS: \1010623922
TSX: EOX
www.euromaxresources.com
Euromax Provides Financing Update
Euromax Resources Ltd ., Vancouver, April 30, 2025 – (TSXV: EOX): ( “Euromax” or the “ Company”)
announces that the Company has agreed to issue a non-interest bearing, unsecured, non-convertible
promissory note in the principal amount of USD$ 475,000 (“Promissory Note”) to one of its current
major shareholders, Galena Resource Equities Limited (“Galena”), an entity controlled and managed
by Galena Asset Management S.A., which is an a ffiliate of Trafigura Pte Ltd. . The proceeds from the
Promissory Note will be used to provide the Company with short term working capital. The Company
currently has no source of operational cash flow, and it is anticipated that the Company will require
additional financing in the second half of 2025.
Galena is a “related party” to t he Company under Multilateral Instrument 61 -101 – Protection of
Minority Security Holders in Special Transactions (“MI 61-101”) by virtue of its shareholding being in
excess of 10% of the Company’s issued and outstanding share capital. Accordingly, the entering into
of the Promissory Note constitutes a “related party transaction” under MI 61-101. The transaction is
exempt from the formal valuation requirement under Section 5.4 of MI 61-101 pursuant to subsection
5.5(b) of MI 61-101 and from the minority approval requirement under Section 5.6 of MI 61 -101
pursuant to subsection 5.7(f) of MI 61 -101. The Company did not fil e a material change report with
respect to the Promissory Note at least 21 days prior to the anticipated issuance of the Promissory
Note due to the Company’s determination that it is in the best interest of the Company to avail itself
of the proceeds of the note in an expeditious manner.
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 copper project.
Forward-Looking Information and Cautionary Language
This news release contains statements that are forward -looking, such as those relating to the final
approval of the Toronto Stock Exchange. 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, 2024 and
financial statements and related MD&A for the financial years ended December 31, 2024 and 2023 filed
with the securities regulatory authorities in certain provinces of Canada and available on SEDAR+. 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, except as otherwise required by applicable
law.
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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, Executive Chairman
+44 20 3918 5160