Euromax Enters into Agreements to Extend Maturity Dates of Previously Issued Convertible Debentures

Core Viewpoint - Euromax Resources Ltd. has successfully negotiated extensions for the maturity dates of its convertible debentures with the European Bank for Reconstruction and Development and CC Ilovitza Limited, moving the maturity from February 28, 2026, to February 28, 2027, without altering the conversion price or interest rates [1][2]. Group 1: Debenture Amendments - The total principal amounts of the convertible debentures are USD 5,000,000 and CAD 5,200,000 [1]. - The conversion price remains at $0.15 per share, and the interest rates are set at 20% for the period from April 30, 2018, to March 31, 2019, and 7% from March 31, 2019, to February 28, 2027 [2]. - The amendments are subject to the final acceptance of the TSX Venture Exchange [5]. Group 2: Compliance and Regulations - The issuance of shares related to the conversion of accrued and unpaid interest under the convertible debentures must comply with TSX Venture Exchange policies, including prior acceptance and market price conditions [3]. - The Company is utilizing exemptions from formal valuation and minority approval requirements as outlined in Multilateral Instrument 61-101 [4]. Group 3: Company Overview - Euromax Resources Ltd. is focused on developing and operating the Ilovica-Shtuka gold-copper project in North Macedonia [7].