Electric Royalties Announces Interest Conversion Under Convertible Credit Facility

About this update from Electric Royalties Ltd.

Electric Royalties Announces Interest Conversion Under Convertible Credit FacilityVANCOUVER, BC / ACCESS Newswire / December 30, 2025 / Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELECF) ("Electric Royalties" or the "Company") announces that Gleason & Sons LLC (the "Lender") has elected to convert C$420,000.00 of accrued interest on the principal amount of the Company's convertible credit facility (the "Interest") under the amended and restated convertible loan agreement dated February 16, 2024 between the Lender and Company (the "A&R Agreement"), into 3,000,000 common shares of the Company (the "Conversion Shares"), at a conversion price of C$0.14 per Conversion Share (the "Interest Conversion"). Subject to acceptance of the TSX Venture Exchange (the "TSXV"), the Company expects to issue the Conversion Shares in December 2025."Today's conversion virtually zeroes out all interest accrued to date. We appreciate the ongoing support of our largest shareholder Stefan Gleason as the Company's diversified portfolio of 43 royalties continues to develop and mature," said Electric Royalties CEO Brendan Yurik. "As we head into 2026, we are pleased with our growing cash flows from the Punitaqui copper mine in Chile, the announced investment commitment by the U.S. government, Nrystar, and Korea Zinc related to our past-producing Middle Tennessee Zinc royalty, and the numerous other portfolio developments we shared with the market in recent weeks."The Interest Conversion is treated as a "Shares for Debt" transaction under Policy 4.3 of the TSX Venture Exchange (the "TSXV"), and the Interest shall be settled in consideration for the Conversion Shares, upon the terms of the A&R Agreement. Completion of the Interest Conversion is subject to the approval of the TSX Venture Exchange. All of the Conversion Shares issuable in connection with the Interest Conversion will bear applicable resale legends restricting the transfer of said Conversion Shares, including for a period of four months and one day from the distribution date under Canadian securities laws, and for a period of six months under U.S. securities laws.The "related party transaction" requirements under Policy 5.9 of the TSXV and Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101") do not apply as the Interest Conversion meets the exemption set f...

View stock analysis, news, and events for Electric Royalties Ltd.