Euromax Resources Secures Debenture Maturity Extension Agreements
VANCOUVER, BC — February 27, 2026 — Leads & Copy —
Euromax Resources Ltd. (TSXV: EOX) has secured agreements to extend the maturity dates of convertible debentures held by the European Bank for Reconstruction and Development (EBRD) and CC Ilovitza Limited (CCC). The extensions, collectively referred to as the “Debenture Amendments,” apply to debentures with principal amounts of USD$5,000,000 and CAD$5,200,000, respectively.
The maturity dates are extended from February 28, 2026, to February 28, 2027. The Debenture Amendments do not alter the conversion price of $0.15 per share or the interest rate. The interest rate is 20% for the period from April 30, 2018, to March 31, 2019, and 7% for the period from March 31, 2019, to February 28, 2027.
EBRD and CCC previously agreed that any share issuance from converting accrued and unpaid interest, and any fees under the EBRD convertible debenture, would adhere to TSX Venture Exchange policies. This includes requiring prior acceptance by the TSX Venture Exchange and issuing shares at a price not less than the market price when the interest or fees become payable.
Euromax Resources is relying on exemptions from formal valuation and minority approval requirements under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”), specifically sections 5.5(e) and 5.7(1)(c) of MI 61-101.
The Debenture Amendments are subject to final acceptance by the TSX Venture Exchange.
Euromax Resources Ltd. is focused on building and operating the Ilovica-Shtuka gold-copper project in North Macedonia.
This news release contains forward-looking statements regarding the conversion of fees and interest and the final acceptance of the Debenture Amendments. These statements are subject to risks, uncertainties, and other factors, and readers are cautioned not to place undue reliance on them. The company disclaims any intention to update these statements, except as required by law.
Source: Euromax Resources Ltd.
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