Mr.
Tim Morgan-Wynne reports
EUROMAX ANNOUNCES COURT DECISION RESTORING MERGER APPROVAL
Euromax Resources Ltd.
has received a decision from the Higher Administrative Court of the Republic of North Macedonia accepting the company's case initiated against the withdrawal of the approval of the merger of its two exploitation concessions in 2023. The effect of this ruling is to annul the withdrawal decision as if it were never in force, and, therefore, the original government decision to approve the merger of the company's Ilovica 6 and Ilovica 11 concessions is restored and is in full force.
Tim Morgan-Wynne, chief executive officer, stated:
"The company is delighted that the Higher Administrative Court has restored the merger approval previously issued by the Macedonian government in 2023. We now look forward to finalizing the new agreement with the relevant state institutions and starting to contribute economic growth for the local and national economies."
About
Euromax
Resources
Ltd.
Euromax has a major development project in North Macedonia and is focused on building and
operating
the
Ilovica-Shtuka
gold-copper
project.
We seek Safe Harbor.
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