Business
Traction Uranium Announces Private Placement of C$500,000 of Unsecured Convertible Debentures
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES CALGARY, Alberta, Jan. 02, 2026 (GLOBE NEWSWIRE) -- Traction Uranium Corp. (CSE: TRAC) (OTC: TRCTF) (FRA: Z1K) (the “Company” or “Traction”) is pleased to announce that it intends to complete a non-brokered private placement of unsecured convertible debentures of the Company (the “Convertible Debentures”) in an aggregate amount of C$500,000 (the “Offering”). The Convertible Debentures will be sold
About this update from Traction Uranium Corp
[{"type":"image","alt":"Traction Uranium Corp.","displaySize":"","headline":null,"caption":"Traction Uranium Corp.","className":"","disableSlideshowImg":false,"size":{"original":{"width":195,"height":44,"url":"https://media.zenfs.com/en/globenewswire.com/be4681c9b3a18e846c94353324d291af"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/A0rgvDn_cqwpST9smiFlaA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTM2MDtoPTgxO2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/be4681c9b3a18e846c94353324d291af","width":195,"height":44}},"lazy":false},{"type":"text","content":"NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES","length":98,"tagName":"p"},{"type":"text","content":"CALGARY, Alberta, Jan. 02, 2026 (GLOBE NEWSWIRE) -- Traction Uranium Corp. (CSE: TRAC) (OTC: TRCTF) (FRA: Z1K) (the “Company” or “Traction”) is pleased to announce that it intends to complete a non-brokered private placement of unsecured convertible debentures of the Company (the “Convertible Debentures”) in an aggregate amount of C$500,000 (the “Offering”).","length":360,"tagName":"p"},{"type":"text","content":"The Convertible Debentures will be sold in principal amounts of C$1,000 and will mature 12 months from the date of issuance (the “Maturity Date”). The Convertible Debentures will bear interest at a rate of 10% per annum, calculated quarterly in arrears and payable on the Maturity Date (as defined below).","length":305,"tagName":"p"},{"type":"text","content":"The principal amount of each Convertible Debenture, plus any accrued interest thereon, will be convertible into units of the Company (“Units”) at the election of the holder on, or at any time prior to, the Maturity Date at a conversion price equal to the most recent closing price of the common shares of the Company (“Common Shares”) on the Canadian Securities Exchange prior to the time at which the holder delivers notice of conversion to the Company (the “Market Price”). Each Unit shall be comprised of one Common Share and one Common Share purchase warrant (each, a “Warrant”), with each Warrant entitling the holder to acquire one Common Share at an exercise price equal to 110% of the Market Price for a period of 24 months from the date of issuance.","length":758,"tagName":"p"},{"type":"text","content":"The Company intends to use the net proceeds raised from the Offering for general and adminis...