Los Andes Copper Announces Election to Issue Common Shares in Satisfaction of US$14 Million Convertible Debenture Interest Payment Obligations

Core Viewpoint - Los Andes Copper Ltd. has elected to issue common shares to satisfy a US$14 million interest payment obligation on convertible debentures, reflecting a strategic move to manage its financial commitments [2][4]. Group 1: Convertible Debentures and Interest Payment - The company issued three convertible debentures totaling US$14 million to Queen's Road Capital, with interest payments structured as 5% in cash and 3% in shares [2][3]. - As part of the interest payment, Los Andes will issue 16,853 common shares at a deemed price of US$6.23 (C$8.76), amounting to US$104,994 (C$147,632) [2][3]. Group 2: Company Overview - Los Andes Copper Ltd. holds a 100% interest in the Vizcachitas Project in Chile, which is positioned to become a significant copper mine in the region [7][8]. - The Vizcachitas Project is a copper-molybdenum porphyry deposit located 150 kilometers north of Santiago, benefiting from strong infrastructure [8].