Core Viewpoint - Denarius Metals Corp. announced details regarding the interest payments due on its convertible unsecured debentures on September 30, 2025, which will be settled with shares issued to debenture holders on October 1, 2025 [1][2]. Group 1: Interest Payments and Debentures - The total principal amount of the 2023 Debentures is CA$19,886,560, with a total interest payment resulting in the issuance of 198,866,310 shares at a rate of 0.015625 shares per CA$1.00 of principal [2]. - The total principal amount of the 2024 Debentures is CA$14,287,314, with a total interest payment resulting in the issuance of 142,723,223 shares at the same rate of 0.015625 shares per CA$1.00 of principal [2]. - The overall total for both debentures amounts to CA$34,158,874, leading to the issuance of 341,589,533 shares [2]. Group 2: Company Operations - Denarius Metals is a Canadian junior company focused on the acquisition, exploration, development, and operation of precious metals and polymetallic mining projects in Colombia and Spain [8]. - The company commenced mining operations at its 100%-owned Zancudo Project in Colombia in Q2 2025, which is a high-grade gold-silver deposit [9]. - In Spain, Denarius Metals has interests in three projects, including a 21% stake in Rio Narcea Recursos, S.L., and operates the Aguablanca Project, recognized as a Strategic Project by the EU [10].
Denarius Metals Announces Details for the September 30, 2025 Interest Payments on Its Convertible Unsecured Debentures
Newsfile·2025-09-26 11:00