Euromax Resources Closes Share Issuance to Galena Resource Equities
VANCOUVER, BC — February 5, 2026 — Leads & Copy — Euromax Resources Ltd. has completed the issuance of 34,965,342 common shares to Galena Resource Equities Limited, according to a news release issued today.
The shares were issued as part of a debt settlement agreement finalized on January 13, 2026. This transaction repays US$804,000 (C$1,136,373.60) to Galena, settling the outstanding debt under a non-interest bearing, unsecured, non-convertible promissory note issued on September 29, 2025.
The common shares were issued at C$0.0325 each and are subject to a four-month hold period, expiring on June 6, 2026, in compliance with TSX Venture Exchange policies and securities laws.
Euromax stated that this transaction does not materially affect company control. As Galena is a related party under TSXV policy 5.9 and MI 61-101, Euromax relied on exemptions from formal valuation and minority approval requirements.
The company will file a material change report as required by securities laws. A report was not issued 21 days before closing because the transaction was pending TSXV approval.
Prior to this transaction, Galena held 520,589,314 common shares, representing approximately 56.38% ownership. Following the issuance, Galena now controls 555,554,656 common shares, increasing its ownership to 57.97%.
Galena may acquire or dispose of additional company securities depending on market conditions. An early warning report related to this transaction is available by contacting Mr. James Burke at james.burke@trafigura.com. Galena’s head office is located at 1 rue de Jargonnant, 1207 Geneva, Switzerland.
Euromax is focused on developing the Ilovica-Shtuka gold-copper project in North Macedonia.
This announcement includes forward-looking statements subject to risks, uncertainties, and other factors detailed in the company’s filings on SEDAR+ at sedarplus.ca. These statements are as of the date of this document and may change. The company disclaims any obligation to update forward-looking statements unless required by law.
Euromax has provided information concerning Galena for inclusion in this release but assumes no responsibility for its accuracy or completeness.
This news release does not constitute a securities offer or solicitation, and securities mentioned have not been registered under the U.S. Securities Act of 1933.
Source: Euromax Resources Ltd.
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