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Northstar Extends Maturing Convertible Debentures
Northstar Extends Maturing Convertible Debentures Canada NewsWire CALGARY, AB , F...
About this update from Northstar Clean Technologies, Inc.
[{"type":"text","content":"\n\n\nNorthstar Extends Maturing Convertible Debentures\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nCanada NewsWire\n\n\nCALGARY, AB, Feb. 17, 2026 /CNW/ - Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) (\"Northstar\" or the \"Company\") announces that it intends to enter into agreements to extend the maturity date of $425,000 in convertible debentures (the \"February 2026 Tranche\") from the original maturity date of February 28, 2026 to February 28, 2027, with all terms associated with the February 2026 Tranche remaining unchanged. Under the February 2026 Tranche, the Company originally raised $625,000.\n\n\n\n\n\n\n\n\"Of the total $2.1 million in convertible debentures issued between December 2022 and February 2023, 98% have either been converted to common shares or will be extended in this restructuring,\" commented Greg Phaneuf, VP Corporate Development & CFO. \"The extension of these debentures supports our balance sheet while we drive towards our production goals at the Empower Calgary facility and profitable operations. We look forward to providing a comprehensive operational update in the coming weeks.\"Pursuant to prior conversions of the February 2026 Tranche, 200,000 common share purchase warrants are currently outstanding (the \"Warrants\"). In connection with the extension of the February 2026 Tranche, the Company also intends to extend the expiry date of the Warrants to February 28, 2027.The extension of the expiry date of the Warrants and the extension of the February 2026 Tranche remains subject to the acceptance of the TSX Venture Exchange (the \"TSXV\").The Company also announces that it intends to issue common shares to satisfy the interest owing at February 28, 2026 for the February 2026 Tranche. The Company expects to agree with the respective holders of the February 2026 Tranche to satisfy, in the aggregate, $21,250 of interest through the issuance of 106,250 common shares. Of the total shares, 18,750 common shares are to be issued to insiders. Closing of the shares-for-debt transaction is subject to customary closing c...