AGRIEURO CORP. (OTCBB:EURI) Files An 8-K Entry into a Material Definitive AgreementItem 1.01
AGRIEURO CORP. (OTCBB:EURI) Files An 8-K Entry into a Material Definitive Agreement
Entry into a Material Definitive Agreement
On November 1, 2016, the Board of Directors of AgriEuro Corp. (the “Company”) entered into a Loan Agreement with AJX Solution Ltd. Cyprus, a Cypriot corporation (“AJX”), whereby AJX agreed to provide loans to the Company by way of periodic advances during the next twelve (12) months in an aggregate amount not to exceed USD$500,000.00. The loans made to the Company by AJX shall accrue interest at an annual rate of six percent (6%) per annum and will be due for repayment by the Company on the second (2nd) anniversary date of the Loan Agreement.
AJX, through a wholly-owned subsidiary, owns a total of 172 million shares of the Company’s common stock, which represents 67.18% of the Company’s total issued and outstanding shares of capital stock.
About AGRIEURO CORP. (OTCBB:EURI)
AgriEuro Corp., formerly Artex Corp., is engaged in the business of agriculture, aquaculture and hospitality. The Company holds interests in S.C. Piscicola Tour A.P. Periteasca S.R.L. (SRL). SRL’s investments and assets are located in the country of Romania in the Periteasca – Leahova area, on the administrative territory of Murighiol locality, Tulcea County, between Black Sea, Grindul Lupilor and Lagoon Complex Razim – Sinoe. SRL’s property is made up of an area of approximately 1,709 hectares of land, in the Danube Delta (the Property). SRL operates a reed farm on a section of the Property that consists of approximately 700 hectares. SRL also operates a fish farm on a section of the Property that consists of approximately 1,009 hectares. SRL’s building complex at the Black Sea shore has a constructed surface of approximately 1,200 square meters. SRL also operates the Island Holiday Complex, located inside the Natural Reservation of Danube, Tulcea County in Channel area. AGRIEURO CORP. (OTCBB:EURI) Recent Trading Information
AGRIEURO CORP. (OTCBB:EURI) closed its last trading session down -0.0060 at 0.0255 with 17,742 shares trading hands.
AgriEuro Corp., formerly Artex Corp., is engaged in the business of agriculture, aquaculture and hospitality. The Company holds interests in S.C. Piscicola Tour A.P. Periteasca S.R.L. (SRL). SRL’s investments and assets are located in the country of Romania in the Periteasca – Leahova area, on the administrative territory of Murighiol locality, Tulcea County, between Black Sea, Grindul Lupilor and Lagoon Complex Razim – Sinoe. SRL’s property is made up of an area of approximately 1,709 hectares of land, in the Danube Delta (the Property). SRL operates a reed farm on a section of the Property that consists of approximately 700 hectares. SRL also operates a fish farm on a section of the Property that consists of approximately 1,009 hectares. SRL’s building complex at the Black Sea shore has a constructed surface of approximately 1,200 square meters. SRL also operates the Island Holiday Complex, located inside the Natural Reservation of Danube, Tulcea County in Channel area. AGRIEURO CORP. (OTCBB:EURI) Recent Trading Information
AGRIEURO CORP. (OTCBB:EURI) closed its last trading session down -0.0060 at 0.0255 with 17,742 shares trading hands.
