Early Warning News Release Regarding the Securities of Euromax Resources Ltd.
NICOSIA, Cyprus, May 05, 2025 (GLOBE NEWSWIRE) -- VVV Commodities and Resources Ltd (the "Acquiror"), acquired 113,987,645 common shares (the 'Common Shares', and each, a 'Common Share') in the capital of Euromax Resources Ltd. (the "Issuer") at a deemed price of USD$0.028 per Common Share (CAD$0.04 per Common Share) for aggregate gross proceeds of USD$3,200,000 (CAD$4,429,219) (the "Transaction"), pursuant to a share purchase agreement dated May 2, 2025 between the Acquiror and NDX B.V., an existing insider of the Issuer.
Prior to the Transaction, the Acquiror did not own any Common Shares of the Issuer. As a result of the Transaction, the Acquiror owns 113,987,645 Common Shares, representing approximately 16.03% of the issued and outstanding Common Shares on an undiluted basis, and approximately 12.3% of the issued and outstanding Common Shares on a fully-diluted basis.
The Acquiror acquired the securities of the Issuer for investment purposes only. The Acquiror intends to review, on a continuous basis, various factors related to its investment, including (but not limited to) the price and availability of the securities of the Issuer, subsequent developments affecting the Issuer or its business, and the general market and economic conditions. Based upon these and other factors, the Acquiror may decide to purchase additional securities of the Issuer or may decide in the future to sell all or part of its investment.
The Acquiror's head office is located at 17-19 Themistokli Dervi, THE CITY HOUSE, 2ND floor, 1066 Nicosia. The Issuer's head office is located at 400-725 Granville Street, Vancouver, British Columbia, V7Y 1G5. A copy of the early warning report to which this news release relates can be obtained from Maria Demetriou, +357 22022777 or on the SEDAR+ profile of the Issuer at www.sedarplus.ca.
This press release is being disseminated pursuant to Multilateral Instrument 62-104 –Take-Over Bids and Issuer Bids and National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking information within the meaning of Canadian securities laws. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the Acquiror's control. Forward-looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The statements in this press release are made as of the date of this release and, except as required by applicable law, the Acquiror disclaims any obligation to publicly update or to revise any of the included forward‐looking statements, whether as a result of new information, future events or otherwise.Sign in to access your portfolio
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hypebeast
a day ago
- Hypebeast
Bjarke Ingels Proposes "Three-Dimensional Neighborhood" for Brooklyn's Gowanus Canal
Bjarke Ingels Grouphas unveiled the renderings for a 'three-dimensional neighborhood' as part ofBrooklyn's Gowanus Canal redevelopment plans. In place of a now-scrapped proposal unveiled in 2023, the reimagined development spans over one million sq ft, anchored by a public park designed by Fieldo Operations in collaboration with NYC Parks, and an internal stepped courtyard offering panoramic views of the New York City Skyline. BIG founder and architectBjarke Ingelsshared that the project at 175 Third Street is conceived as a 'three-dimensional neighborhood of building blocks stacked to frame a central park cascading down towards the canal waterfront.' 'The rational volumes are chiseled and chamfered, opening up the corners to create terraces, entrances, and outdoor spaces. The resultant architecture provides a plethora of niches for all forms of life – urban and intimate, public and private – within and around,' he added. The tower, consisting of terraced concrete blocks, was designed in collaboration with dencityworks | architecture and developers Charney Companies and Tavros. Culminating at 27 stories, the building will offer more than 1,000 residential units, as well as roughly 250 affordable housing options. According to Martin Voelkle of BIG the volumes are characterized by 'a series of purposeful shifts and chamfered corners' designed according to 'programmatic needs and the site's contextual zoning constraints.' Cascading into a descending U-shape, the building opens to the waterfront park linking 2nd and 3rd Streets. According toBrownstoner, the previous 2023 design, characterized by a more deconstructed, sculptural sensibility, was commissioned by previous owners RFR, who have since sold the property to the new developers for about $160 million USD in April. Part of the multi-acre 'Gowanus Wharf' revitalization, the building will be the 4th Gowanus project by Charney and Tavros. The four properties consist of over 2 million sq ft of new development. See the gallery above for a closer look at the proposed design.
Fast Company
a day ago
- Fast Company
10 states with the biggest housing market inventory shift
Want more housing market stories from Lance Lambert's ResiClub in your inbox? Subscribe to the ResiClub newsletter. When assessing home price momentum, ResiClub believes it's important to monitor active listings and months of supply. If active listings start to rapidly increase as homes remain on the market for longer periods, it may indicate pricing softness or weakness. Conversely, a rapid decline in active listings could suggest a market that is heating up. Generally speaking, local housing markets where active inventory has jumped above pre-pandemic 2019 levels have experienced softer home price growth (or outright price declines) over the past 36 months. Conversely, local housing markets where active inventory remains far below pre-pandemic 2019 levels have, generally speaking, experienced more resilient home price growth over the past 36 months. Where is inventory heading into summer? As ResiClub communicated to ResiClub PRO members in late 2023—and reaffirmed last fall—we expect national active inventory to approach pre-pandemic 2019 levels in the second half of 2025. That's still the trajectory we're on. National active listings are on the rise (+31.5% between May 2024 and May 2025). This indicates that homebuyers have gained some leverage in many parts of the country over the past year. Some seller's markets have turned into balanced markets, and more balanced markets have turned into buyer's markets. Nationally, we're still below pre-pandemic 2019 inventory levels (-12.3% below May 2019), and some resale markets, in particular big chunks of the Midwest and Northeast, still remain tight-ish. May 2017: 1,253,854 May 2018: 1,156,910 May 2019: 1,180,920 May 2020: 928,370 May 2021: 447,662 (overheating during the Pandemic Housing Boom) May 2022: 479,462 May 2023: 582,441 May 2024: 787,722 May 2025: 1,036,101 If we maintain the current year-over-year pace of inventory growth (+248,379 homes for sale), we'd have: 1,284,480 active inventory come May 2026 1,532,859 active inventory come May 2027 Below is the year-over-year percentage change by state. While active housing inventory is rising in most markets on a year-over-year basis, some markets still remain tight-ish (although it's loosening). As ResiClub has been documenting, both active resale and new homes for sale remain the most limited across huge swaths of the Midwest and Northeast. That's where home sellers this spring had, relatively speaking, more power. In contrast, active housing inventory for sale has neared or surpassed pre-pandemic 2019 levels in many parts of the Sun Belt and Mountain West, including metro-area housing markets such as Punta Gorda, Florida, and Austin. Many of these areas saw major price surges during the pandemic housing boom, with home prices getting stretched in comparison with local incomes. As pandemic-driven domestic migration slowed and mortgage rates rose, markets like Tampa, Florida, and Austin faced challenges, relying on local income levels to support frothy home prices. This softening trend is further compounded by an abundance of new home supply in the Sun Belt. Builders are often willing to lower prices or offer affordability incentives (if they have the margins to do so) to maintain sales in a shifted market, which also has a cooling effect on the resale market. Some buyers, who would have previously considered existing homes, are now opting for new homes with more favorable deals. That puts additional upward pressure on resale inventory. At the end of May 2025, 10 states were above pre-pandemic 2019 active inventory levels: Arizona, Colorado, Florida, Idaho, Hawaii, Oregon, Tennessee, Texas, Utah, and Washington. (The District of Columbia—which we left out of this analysis—is back above pre-pandemic 2019 active inventory levels, too. Weakness in D.C. proper predates the current admin's job cuts.) Big picture: Over the past few years, we've observed a softening across many housing markets as strained affordability tempers the fervor of a market that was unsustainably hot during the pandemic housing boom. While home prices are falling in some areas around the Gulf, most regional housing markets are still seeing positive year-over-year home price growth. That said, given the current softening, ResiClub expects that as the year progresses, more markets will fall into the year-over-year decline camp. Below is another version of the table above—but this one includes every month since January 2017. (Sorry if it's a little blurry—click the interactive link to see a version that isn't blurry.) If you'd like to further examine the monthly state inventory figures, use the interactive below.
Yahoo
a day ago
- Yahoo
Mortgage and refinance interest rates today, June 7, 2025: Unchanged, and that's a good thing
Mortgage rates are unchanged today. These days, it's good news when they don't move higher. According to Zillow, today's 30-year fixed mortgage rate remained at 6.73%, and the 15-year fixed rate held steady at 5.95%. Friday, a solid jobs report bolstered the stock market, and bond market yields rose. The 10-year Treasury yield, a key indicator of mortgage rates, rose over 2.5% yesterday — that's likely to bring higher mortgage rates in the coming days if the trend holds through next week's trading. Read more: What determines mortgage rates? It's complicated. Here are the current mortgage rates, according to the latest Zillow data: 30-year fixed: 6.73% 20-year fixed: 6.35% 15-year fixed: 5.95% 5/1 ARM: 6.98% 7/1 ARM: 6.97% 30-year VA: 6.28% 15-year VA: 5.64% 5/1 VA: 6.28% Remember, these are the national averages and rounded to the nearest hundredth. Learn more: 8 strategies for getting the lowest mortgage rates These are today's mortgage refinance rates, according to the latest Zillow data: 30-year fixed: 6.83% 20-year fixed: 6.34% 15-year fixed: 6.01% 5/1 ARM: 7.44% 7/1 ARM: 7.31% 30-year VA: 6.32% 15-year VA: 6.07% 5/1 VA: 6.08% Again, the numbers provided are national averages rounded to the nearest hundredth. Mortgage refinance rates are often higher than rates when you buy a house, although that's not always the case. Use the mortgage calculator below to see how today's interest rates would affect your monthly mortgage payments. For a deeper dive, you can use Yahoo's free mortgage calculator to see how homeowners insurance and property taxes factor into in your monthly payment estimate. You even have the option to enter costs for private mortgage insurance (PMI) and homeowners' association dues if those apply to you. These details result in a more accurate monthly payment estimate than if you simply calculated your mortgage principal and interest. There are two main advantages to a 30-year fixed mortgage: Your payments are lower, and your monthly payments are predictable. A 30-year fixed-rate mortgage has relatively low monthly payments because you're spreading your repayment out over a longer period of time than with, say, a 15-year mortgage. Your payments are predictable because, unlike with an adjustable-rate mortgage (ARM), your rate isn't going to change from year to year. Most years, the only things that might affect your monthly payment are any changes to your homeowners insurance or property taxes. The main disadvantage to 30-year fixed mortgage rates is mortgage interest — both in the short and long term. A 30-year fixed term comes with a higher rate than a shorter fixed term, and it's higher than the intro rate to a 30-year ARM. The higher your rate, the higher your monthly payment. You'll also pay much more in interest over the life of your loan due to both the higher rate and the longer term. The pros and cons of 15-year fixed mortgage rates are basically swapped from the 30-year rates. Yes, your monthly payments will still be predictable, but another advantage is that shorter terms come with lower interest rates. Not to mention, you'll pay off your mortgage 15 years sooner. So you'll save potentially hundreds of thousands of dollars in interest over the course of your loan. However, because you're paying off the same amount in half the time, your monthly payments will be higher than if you choose a 30-year term. Dig deeper: 15-year vs. 30-year mortgages Adjustable-rate mortgages lock in your rate for a predetermined amount of time, then change it periodically. For example, with a 5/1 ARM, your rate stays the same for the first five years and then goes up or down once per year for the remaining 25 years. The main advantage is that the introductory rate is usually lower than what you'll get with a 30-year fixed rate, so your monthly payments will be lower. (Current average rates don't necessarily reflect this, though — in some cases, fixed rates are actually lower. Talk to your lender before deciding between a fixed or adjustable rate.) With an ARM, you have no idea what mortgage rates will be like once the intro-rate period ends, so you risk your rate increasing later. This could ultimately end up costing more, and your monthly payments are unpredictable from year to year. But if you plan to move before the intro-rate period is over, you could reap the benefits of a low rate without risking a rate increase down the road. Learn more: Adjustable-rate vs. fixed-rate mortgage First of all, now is a relatively good time to buy a house compared to a couple of years ago. Home prices aren't spiking like they were during the height of the COVID-19 pandemic. So, if you want or need to buy a house soon, you should feel pretty good about the current housing market. However, mortgage rates are unpredictable right now due to the political and economic climate. Experts don't think rates will plummet in 2025, so you might not want to base your decision on whether to buy strictly on interest rates. Recent news that home price gains are slowing, with predictions that house values may actually ease lower this year, can be part of your home buying decision. The best time to buy is typically whenever it makes sense for your stage of life. Trying to time the real estate market can be as futile as timing the stock market — buy when it's the right time for you. Read more: Which is more important, your home price or mortgage rate? Have questions about buying, owning, or selling a house? Submit your question to Yahoo's panel of Realtors using this Google form. According to Zillow, the national average 30-year mortgage rate is 6.73% right now. But keep in mind that averages can vary depending on where you live. For example, if you're buying in a city with a high cost of living, rates could be higher. Overall, mortgage rates are expected to remain mostly steady in 2025. They probably won't drop significantly anytime soon. Mortgage rates held firm today but are lower than where they were when they last peaked in mid-January. In many ways, securing a low mortgage refinance rate is similar to when you bought your home. Try to improve your credit score and lower your debt-to-income ratio (DTI). Refinancing into a shorter term will also land you a lower rate, though your monthly mortgage payments will be higher.
