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Traction Uranium Announces Private Placement of C$500,000 of Unsecured Convertible Debentures
Globenewswire· 2026-01-02 22:30
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].
ThreeD Capital Inc. Issues Early Warning Report in Connection With The Acquisition of Securities of infinitii ai inc.
Globenewswire· 2025-11-01 00:44
Core Insights - ThreeD Capital Inc. completed a convertible debenture offering in October 2025, acquiring ownership and control of unsecured convertible debentures of infinitii ai inc., which can be converted into 5,000,000 units of the company [1] - Following the acquisition, the ownership percentage of ThreeD and the Joint Actor increased by more than 2% on a partially diluted basis [1] Summary by Sections Acquisition Details - The acquisition involved the purchase of unsecured convertible debentures, which are convertible into units consisting of common shares and warrants [1] - The total consideration for the Subject Debentures was $250,000 [4] Ownership Structure - Prior to the acquisition, ThreeD and the Joint Actor owned 1,000,000 common share purchase warrants, 1,000,000 stock options, and convertible debentures allowing them to acquire 16,665,400 common shares, representing approximately 20.2% on a partially diluted basis [2] - After the acquisition, their total holdings increased to 21,665,400 common shares and warrants, representing approximately 24.5% on a partially diluted basis [3] Company Profile - ThreeD Capital Inc. is a Canadian-based venture capital firm focused on opportunistic investments in junior resources and disruptive technologies [5] - The firm aims to invest in early-stage companies globally, providing advisory services and access to its ecosystem [5]