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Denarius Metals Announces Details for the July 31, 2025 Interest Payments on Its Convertible Unsecured Debentures
Toronto, Ontario--(Newsfile Corp. - July 28, 2025) - Denarius Metals Corp. (Cboe CA: DMET) (OTCQX: DNRSF) ("Denarius Metals" or the "Company") announced today t
About this update from Denarius Metals Corp.
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - July 28, 2025) - Denarius Metals Corp. (Cboe CA: DMET) (OTCQX: DNRSF) (\"Denarius Metals\" or the \"Company\") announced today the details for the forthcoming monthly interest payments on July 31, 2025 on its convertible unsecured debentures due October 19, 2029 (the \"2023 Debentures\") and May 30, 2030 (the \"2024 Debentures\"). The table below summarizes the details for the shares to be issued to holders of the 2023 Debentures and 2024 Debentures on July 31, 2025 in settlement of the monthly interest due on that date: Principal Amount of Debentures (1)(CA$) Interest(CA$) Number of Shares to be Issued (2) Number of Shares per CA$1.00 ofPrincipal 2023 Debentures Total before the following 19,521,000 195,210 375,403 0.019231 Consent Fee Debentures (3) 365,560 3,656 7,030 0.019231 Total issued & outstanding 19,886,560 198,866 382,433 2024 Debentures Total before the following 14,015,460 140,155 269,528 0.019231 Consent Fee Debentures (3) 272,454 2,724 5,240 0.019231 Total issued & outstanding 14,287,914 142,879 274,768 Total 34,174,474 341,745 657,201 (1) Issued and outstanding as of July 25, 2025.(2) Based on the closing price of the common shares on Cboe CA of CA$0.52 per share on July 16, 2025, the Monthly Measurement Date pursuant to the Third Supplemental Indentures for the 2023 Debentures and the 2024 Debentures.(3) The Consent Fee Debentures were issued on June 18, 2025 pursuant to the consent solicitation process and are currently subject to a statutory four month hold period. As such, the common shares to be issued in settlement of the interest thereon will be subject to the same hold period. The issuance of the common shares in settlement of the interest payable on the debentures on July 31, 2025 is subject to the acceptance of Cboe Canada. Mr. Serafino Iacono (Executive Chairman), Mr. Federico Restrepo-Solano (Director and CEO), Mr. Michael Davies (Chief Financial Officer) and Ms. Amanda Fullerton (General Counsel and Secretary) will receive an aggregate of 168,226 common shares in settlement of the interest payable on their respective holdings of 2023 Debentures and 2024 Debentures. ...