Traction Uranium Announces Private Placement of C$500,000 of Unsecured Convertible Debentures

Core Viewpoint - Traction Uranium Corp. plans to complete a non-brokered private placement of unsecured convertible debentures totaling C$500,000 to support its operations and general working capital [1][4]. Group 1: Offering Details - The convertible debentures will be issued in principal amounts of C$1,000, maturing 12 months from issuance, with an interest rate of 10% per annum, payable at maturity [2]. - Holders of the convertible debentures can convert them into units of the company at the most recent closing price of the common shares prior to conversion, with each unit consisting of one common share and one warrant [3]. - Each warrant allows the holder to purchase one common share at an exercise price of 110% of the market price for a period of 24 months from issuance [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for general and administrative expenditures and general working capital purposes [4]. Group 3: Regulatory and Closing Information - The offering is expected to close around January 16, 2026, subject to necessary regulatory approvals, including from the Canadian Securities Exchange [4]. - All securities issued will be subject to a statutory hold period of four months and one day [4]. Group 4: Company Overview - Traction Uranium Corp. is engaged in mineral exploration and development, focusing on uranium projects in Canada, particularly in the Athabasca Region [6].