BULLETIN V2026-2564
PALAMINA CORP. ("PA")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement
BULLETIN DATE: August 6, 2026
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to the non-brokered private placement of $600,000 in secured convertible debentures (the "Debentures") by the Company's wholly-owned subsidiary Colt Silver Corp. ("Colt").
The Debentures will mature on and become payable on December 31, 2026 (the "Maturity Date") and bear interest at a fixed rate of 5% per annum, payable in arrears on the Maturity Date or the day (the "Conversion Date") immediately prior to the effective date of the plan of arrangement under section 182 of the Business Corporations Act (Ontario) between the Company, Colt and Colt Finco Corp. The Debentures are secured by the assets of Colt Silver through a general security agreement and rank equally with all other Debentures. On the Conversion Date, the total amount outstanding of the Debentures, including accrued interest, shall automatically convert into shares of Colt Silver at a conversion price of $0.10 per share.
For further details, please refer to the Company's news releases dated February 27, 2026 and April 20, 2026.
_______________________________________
|
|
