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Euromax announces $240 million debt package

Euromax Resources has secured a debt package worth US$240 million thanks to deals with Societe Generale, UniCredit Bank and Caterpillar, to assist it in the development of the Ilovitza copper-gold project in the Republic of Macedonia.

Euromax has executed a mandate letter and term sheet with Societe Generale and UniCredit Bank to provide up to $215 million of senior secured project finance.