Core Viewpoint - Canadian Premium Sand Inc. is conducting a non-brokered private placement of secured convertible debentures, aiming to raise approximately $1 million for general working capital and strategic initiatives [1][7]. Group 1: Offering Details - The Offering consists of secured convertible debentures with a 12% annual interest rate, compounded quarterly, maturing on February 26, 2027 [2]. - The principal and accrued interest of the Convertible Debentures can be converted into common shares at a price of $0.15 per share [2]. - The conversion price of the existing outstanding convertible debentures has been amended from $0.75 to $0.15 to align with the new Convertible Debentures [3]. Group 2: Security and Redemption - The Convertible Debentures are secured obligations that rank equally with existing outstanding convertible debentures and are senior to other non-senior indebtedness [4]. - The Company can redeem the Convertible Debentures prior to maturity if the trading price of common shares exceeds $0.24 over a 30-day period, with redemption options including cash or common shares [5]. Group 3: Related Party Transactions - Certain directors and a significant shareholder subscribed for a total of $328,000 in the Offering, qualifying it as a related party transaction [6]. - The Offering is exempt from minority shareholder approval and formal valuation requirements due to its market capitalization context [6]. Group 4: Timeline and Regulatory Aspects - The Offering is expected to close by the end of March 2026, pending acceptance from the TSX Venture Exchange [7]. - The securities issued will be subject to a statutory hold period of four months plus a day from the closing date [7]. Group 5: Company Overview - Canadian Premium Sand Inc. is focused on developing its Wanipigow silica sand resource in Manitoba for various applications, including fracture proppant and manufacturing high-purity silica sand for solar and float glass [11].

Group 1 - Canadian Premium Sand Inc. announced the resignation of Rodrigo Sousa from its Board of Directors effective January 29th, 2026, after serving since 2018 [1] - The company expressed gratitude for Mr. Sousa's guidance, wisdom, and dedication during his tenure [1] Group 2 - Canadian Premium Sand Inc. is developing the Wanipigow silica sand resource in Manitoba to supply fracture proppant to the Western Canada Sedimentary Basin [2] - The company also focuses on high purity and low iron silica sand applications, including the manufacture of solar and float glass [2] - Canadian Premium Sand Inc. is a reporting issuer in Ontario, Alberta, and British Columbia, with shares trading on the TSX Venture Exchange under the symbol "CPS" [2]