Business
Los Andes Copper Announces Conversion of US$5 Million Convertible Debenture
Vancouver, British Columbia--(Newsfile Corp. - March 18, 2026) - Los Andes Copper Ltd. (TSXV: LA) (OTCQX: LSANF) ("Los Andes" or the "Company") announces that Queen's Road Capital Investment Ltd. ("QRC") is exercising the conversion rights attaching to the US$5,000,000 eight per cent convertible debenture issued to QRC on June 2, 2021 (the "Convertible Debenture") effective April 8, 2026 (the "Conversion Date"). The Convertible Debenture is convertible into common shares of the Company at a...
About this update from Queen's Road Capital Investment Ltd.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - March 18, 2026) - Los Andes Copper Ltd. (TSXV: LA) (OTCQX: LSANF) ("Los Andes" or the "Company") announces that Queen's Road Capital Investment Ltd. ("QRC") is exercising the conversion rights attaching to the US$5,000,000 eight per cent convertible debenture issued to QRC on June 2, 2021 (the "Convertible Debenture") effective April 8, 2026 (the "Conversion Date"). The Convertible Debenture is convertible into common shares of the Company at a price of CAD$10.82 per common share.","length":586,"tagName":"p"},{"type":"text","content":"The principal amount of the Convertible Debentures plus accrued interest up to but excluding the Conversion Date is US$5,043,333 (the "Conversion Amount"). Applying the current exchange rate of US$1.00:CAD1.37, the Conversion Amount in Canadian dollars is CAD$6,909,366.","length":280,"tagName":"p"},{"type":"text","content":"Under the terms of the indenture governing the Convertible Debenture, the maximum number of common shares of the Company which may be issued on conversion of the Debentures without further TSX Venture Exchange ("TSXV") approval is 558,502 common shares, which corresponds to $6,042,991 of the Conversion Amount, leaving a difference of CAD$866,375 of the Conversion Amount outstanding. The Corporation will be applying to the TSXV for the approval of the conversion of CAD$866,375 of the Conversion Amount into common shares at $10.82 for a total of 80,071 common shares, bringing the total number of shares issuable on conversion of the Conversion Amount to 638,573 common shares.","length":691,"tagName":"p"},{"type":"text","content":"About Queen's Road Capital Investment Ltd.","length":46,"tagName":"p"},{"type":"text","content":"QRC is a dividend paying, leading financier to the global resource sector. The Company is a resource focused investment company, making investments in privately held and publicly traded companies. The Company acquires and holds securities for long-term capital appreciation, with a focus on convertible debt securities and resource projects in advanced development or production located in politically safe jurisdictions.","length":421,"tagName":"p"},{"type":"text","content":"About Los Andes Copper Ltd.","length":27,"tagName":"p"},{"type":"te...