Toronto, Ontario--(Newsfile Corp. - August 18, 2025) - JJR Wood Holdings Inc., beneficially owned and controlled by Jeffrey Wood, announces today that on August 13, 2025, it acquired a US$12,500,000 principal amount secured convertible debenture (the "Debenture") and 6,250,000 common share purchase warrants (the "Warrants") in the capital of Touchstone Exploration Inc. (the "Company"), as part of the Company's non-brokered private placement (the "Transaction").Prior to the completion of the Transaction, Mr ...

Core Points - Abcourt Mines Inc. has successfully closed a non-brokered private placement of secured convertible debentures, raising gross proceeds of $3,000,000 [1][2] - The debenture will bear interest at Term SOFR plus 10% per annum and is convertible into common shares at a price of $0.05 per share during the first year and $0.10 thereafter [2] - The company also closed a tranche of non-brokered equity financing, raising $1,056,000 through the sale of 21,120,000 units at a price of $0.05 per unit [4][5] - The proceeds from both offerings will be used to restart the Sleeping Giant mine and mill, repay outstanding payables, and for general corporate purposes [9] Financing Details - The debenture will mature four years from the issuance date and can be prepaid by the corporation without penalty [2] - Each unit in the equity offering consists of one share and one share purchase warrant, allowing the purchase of one share at $0.08 until June 26, 2028 [5] - All securities issued are subject to a restricted period of four months plus one day following their issuance [6] Related Party Transaction - The debenture was purchased by François Mestrallet, a director of the corporation, qualifying it as a related party transaction under MI 61-101 [3] - Prior to the offering, Mr. Mestrallet held 16.10% of the shares on a non-diluted basis, which will change to 15.76% post-offering [11][12] Financing Facility - The corporation is finalizing a secured financing facility with Nebari Natural Resources Credit Fund II, LP, amounting to $8 million for a 36-month period [8] - This facility is intended to support the restart of the Sleeping Giant mine and is part of the overall financing strategy [9]