Euromax Resources Intends to Amend Convertible Debentures
VANCOUVER, BC — February 19, 2026 — Leads & Copy — Euromax Resources Ltd. (TSXV: EOX) intends to amend certain terms of its previously issued convertible debentures. The debentures were issued to the European Bank for Reconstruction and Development (EBRD) in the aggregate principal amount of USD$5,000,000 (as amended from time to time, the “EBRD Debenture”) and CC Ilovitza Limited (CCC), an affiliate of Consolidated Contractors Company Group, in the aggregate principal amount of CAD$5,200,000 (as amended from time to time, the “CCC Debenture” and, collectively with the EBRD Debenture, the “Convertible Debentures”).
Euromax intends to enter into agreements with EBRD and CCC to extend the maturity dates of the Convertible Debentures from February 28, 2026, to February 28, 2027 (the “Proposed Amendments”).
The Proposed Amendments are not intended to make any changes to the conversion price applicable to principal under the Convertible Debentures ($0.15 per share) or to the applicable interest rate (20% for the period from and including April 30, 2018, to and excluding March 31, 2019, and 7% for the period from and including March 31, 2019, to and excluding February 28, 2027).
In completing the Proposed Amendments, the Company is relying on the exemptions from the formal valuation and minority approval requirements in Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”) contained in sections 5.5(e) and 5.7(1)(c) of MI 61-101, respectively.
The Proposed Amendments are subject to acceptance by the TSX Venture Exchange and other approvals.
Euromax has a major development project in North Macedonia and is focused on building and operating the Ilovica-Shtuka gold-copper project.
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.
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.
Source: Euromax Resources Ltd.
Share this story:
