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TinOne Announces Convertible Debenture Interest Payment
TMX Newsfile· 2026-02-19 23:32
Core Viewpoint - TinOne Resources Inc. has opted to pay accrued interest on certain convertible debentures in shares, reflecting a strategic financial decision to manage cash flow while addressing obligations to debenture holders [1][2]. Group 1: Convertible Debentures and Interest Payment - On January 27, 2026, convertible debentures valued at $181,000 were converted into 1,248,276 common shares at the election of the debenture holders [2]. - The company has chosen to pay $32,555 in accrued interest on these convertible debentures by issuing 210,035 shares at a price of $0.155 per share [2]. - As of February 19, 2026, there are still convertible debentures outstanding with a total value of $569,000 [3]. Group 2: Company Overview - TinOne Resources Inc. is a Canadian public company listed on the TSX Venture Exchange, focusing on a portfolio of tin projects located in Tier 1 mining jurisdictions in Tasmania, Australia [4]. - The company is dedicated to advancing its portfolio while also exploring additional tin opportunities [4].