Defense Metals Announces Share-Based Interest Payment
Defense Metals Corp (TSXV: DEFN) (OTCQB: DFMTF) has announced it will issue 491,807 shares of common stock as Interest Shares to holders of secured convertible notes. This issuance satisfies an interest payment of C$100,821.92 due January 11, 2025. The Interest Shares will be priced at C$0.205 per share, determined by the greater of the 20-day volume-weighted average trading price on TSXV or the minimum price allowed by TSXV policies.
The convertible notes are set to mature on October 11, 2025. The Interest Shares issuance requires TSXV approval and will be subject to a four-month and one-day hold period under Canadian securities laws.
Defense Metals Corp (TSXV: DEFN) (OTCQB: DFMTF) ha annunciato l'emissione di 491.807 azioni di stock comune come Azioni di Interesse per i possessori di note convertibili garantite. Questa emissione soddisfa un pagamento di interessi di C$100.821,92 in scadenza l'11 gennaio 2025. Le Azioni di Interesse saranno prezzate a C$0,205 per azione, determinato dal valore medio ponderato per volume delle ultime 20 giornate di negoziazione su TSXV o dal prezzo minimo consentito dalle politiche TSXV.
Le note convertibili scadranno l'11 ottobre 2025. L'emissione delle Azioni di Interesse richiede l'approvazione di TSXV e sarà soggetta a un periodo di attesa di quattro mesi e un giorno secondo le leggi canadesi sui valori mobiliari.
Defense Metals Corp (TSXV: DEFN) (OTCQB: DFMTF) ha anunciado que emitirá 491.807 acciones de acciones ordinarias como Acciones de Interés para los titulares de notas convertibles garantizadas. Esta emisión satisface un pago de intereses de C$100.821,92 que vence el 11 de enero de 2025. Las Acciones de Interés se fijarán a C$0,205 por acción, determinado por el mayor de la media ponderada por volumen de los últimos 20 días de negociación en TSXV o el precio mínimo permitido por las políticas de TSXV.
Las notas convertibles tienen un vencimiento el 11 de octubre de 2025. La emisión de las Acciones de Interés requiere la aprobación de TSXV y estará sujeta a un período de retención de cuatro meses y un día bajo las leyes canadienses de valores mobiliarios.
디펜스 메탈스 코프 (TSXV: DEFN) (OTCQB: DFMTF)는 보장된 전환 사채의 보유자에게 이자 주식으로 491,807 주식을 발행할 것이라고 발표했습니다. 이번 발행은 2025년 1월 11일에 만기가 도래하는 C$100,821.92의 이자 지급을 충족합니다. 이자 주식은 TSXV에서의 20일 거래량 가중 평균 가격 또는 TSXV 정책에서 허용되는 최소 가격 중 높은 쪽인 C$0.205로 가격이 책정됩니다.
전환 사채는 2025년 10월 11일 만기가 됩니다. 이자 주식 발행은 TSXV의 승인이 필요하며, 캐나다 증권법에 따라 4개월 1일의 보류 기간이 적용됩니다.
Defense Metals Corp (TSXV: DEFN) (OTCQB: DFMTF) a annoncé qu'elle allait émettre 491.807 actions ordinaires en tant qu'Actions d'Intérêt pour les détenteurs de billets convertibles garantis. Cette émission répond à un paiement d'intérêts de C$100.821,92 dû le 11 janvier 2025. Les Actions d'Intérêt seront fixées à C$0,205 par action, déterminé par le plus élevé du prix moyen pondéré en volume sur 20 jours à la TSXV ou par le prix minimum autorisé par les politiques de la TSXV.
Les billets convertibles arriveront à échéance le 11 octobre 2025. L'émission des Actions d'Intérêt nécessite l'approbation de la TSXV et sera soumise à une période de blocage de quatre mois et un jour selon les lois canadiennes sur les valeurs mobilières.
Defense Metals Corp (TSXV: DEFN) (OTCQB: DFMTF) hat angekündigt, 491.807 Aktien von Stammaktien als Zinsaktien an die Inhaber von gesicherten wandelbaren Anleihen auszugeben. Diese Ausgabe erfüllt eine Zinszahlung von C$100.821,92, die am 11. Januar 2025 fällig ist. Die Zinsaktien werden mit C$0,205 pro Aktie bewertet, was durch den höheren der 20-tägigen volumengewichteten Durchschnittskurs an der TSXV oder den von den TSXV-Richtlinien erlaubten Mindestpreis bestimmt wird.
Die wandelbaren Anleihen laufen am 11. Oktober 2025 aus. Die Ausgabe der Zinsaktien bedarf der Genehmigung der TSXV und unterliegt einer Sperrfrist von vier Monaten und einem Tag gemäß den kanadischen Wertpapiergesetzen.
- None.
- Dilution of existing shareholders through issuance of 491,807 new shares
- Company choosing to pay interest in shares rather than cash, potentially indicating cash conservation needs
In accordance with the terms of the Notes, the Company will issue the Interest Shares at a price of
The issuance of the Interest Shares is subject to the approval of the TSXV. Once issued, the Interest Shares will be subject to a four-month and one-day hold period in accordance with applicable Canadian securities laws.
About Defense Metals Corp. and its Wicheeda Rare Earth Element Project
Defense Metals Corp. is focused on the development of its
The Wicheeda REE Project, approximately 80 kilometres (~50 miles) northeast of the city of
For further information, please visit www.defensemetals.com or contact:
Alex Heath
Senior Vice President, Corporate Development & Interim CFO
Tel: +1 604-354-2491
Email: alex@defensemetals.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Statement Regarding "Forward-Looking" Information
This news release contains "forward‐looking information or statements" within the meaning of applicable securities laws, which may include, without limitation, any statements (expressed or implied) relating to: advancing the Wicheeda Project, the issuance of the Interest Shares and other matters. Forward-looking statements are typically identified by words such as "plan," "believe," "expect," "anticipate," "intend," "outlook," "estimate," "forecast," "project," "continue," "could," "may," "might," "possible," "potential," "predict," "should," "would" and other similar words and expressions, but the absence of these words does not mean that a statement is not forward-looking. All statements in this news release, other than statements of historical facts, that address events, contribution or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of rare earth elements, the anticipated costs and expenditures, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company's views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration and metallurgical results, risks related to the inherent uncertainty of exploration and development and cost estimates, the potential for unexpected costs and expenses and those other risks filed under the Company's profile on SEDAR+ (www.sedarplus.ca). While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather and climate conditions, failure to maintain or obtain all necessary government permits, approvals and authorizations, failure to maintain or obtain community acceptance (including First Nations), risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of personnel, materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters), risks relating to inaccurate geological, metallurgical, engineering and pricing assumptions, decrease in the price of rare earth elements, the impact of viruses and diseases on the Company's ability to operate, restriction on labour and international travel and supply chains, loss of key employees, consultants, officers or directors, increase in costs, delayed results, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward–looking statements or forward–looking information, except as required by law.
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SOURCE Defense Metals Corp.
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