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Euromax Announces Closing of Issuance of Common Shares to Galena in Connection with Repayment of Debt
(TheNewswire)       VANCOUVER, BC, February 5 , 2026 – TheNewswir...
About this update from Euromax Resources Ltd.
[{"type":"text","content":"Euromax Announces Closing of Issuance of Common Shares to Galena in Connection with Repayment of Debt\n(TheNewswire)\n\n \n\n   \n\n\nVANCOUVER, BC, February 5, 2026 – TheNewswire - Euromax\nResources Ltd. (TSXV: EOX): (\"Euromax\" or the\n\"Company\"), announces today that further to its news release dated January 13, 2026, it\nhas now completed the issuance of 34,965,342\ncommon shares in the capital of the Company (the\n“Common Shares”) to Galena Resource Equities Limited (“Galena”) pursuant\nto the debt settlement agreement entered into between the Company and\nGalena on January 13, 2026 (the “DSA”). The Common\nShares were issued at a deemed offering price of C$0.0325 per Common\nShare (collectively, the “Transaction”). Pursuant to the DSA, the\nCompany agreed to issue the Common Shares in order to repay US$804,000\n(C$1,136,373.60) to Galena, representing settlement in full of the\noutstanding debt owing to the Galena under the non-interest bearing,\nunsecured, non-convertible promissory note issued by the Company to\nGalena on September 29, 2025. \n\n\nThe Common Shares issued pursuant to the Transaction\nare subject to a hold period of four months and one day from the date\nof issuance, expiring on June 6, 2026, in accordance with the policies\nof the TSX Venture Exchange (the “TSXV”) and\napplicable securities laws. \n\n\nThe Transaction does not materially affect control of\nthe Company. As Galena is a “related party” of Euromax under\nPolicy 5.9 of the TSXV and Multilateral Instrument 61-101 –\nProtection of Minority\nSecurity Holders in Special Transactions\n(\"MI 61-101\"), in completing the Transaction, the Company is\nrelying on the exemptions from the formal valuation and minority\napproval requirements contained in sections 5.5(b) and 5.7(1)(a) of MI\n61-101. \n\n\nThe Company will file a material change report in\nrespect of the Transaction within the timeline prescribed by\napplicable securities laws. The Company did not issue a material\nchange report more than 21 days before the closing of the Transaction\nbecause the Transaction was under consideration by the TSXV and\nclosing was conditional on receipt of TSXV approval. \n\n\nPrior to completion of the Transaction, Galena owned 473,988,662 ...