Ironman Announces Amendment To Loan Terms

About this update from Ironman International Ltd.

Ironman Announces Amendment To Loan Terms (TheNewswire)   LANGLEY, BC / MARCH 26, 2026 – TheNewswire - IRONMAN INTERNATIONAL LTD.  (TSXV:IMI) (OTCQB:IMITF) (“Ironman” or the “Company”) announces that 1097195 B.C. Ltd. (“109”), a wholly owned subsidiary of the Company, has amended the terms (the “Amendment”) of an existing loan (the “Existing Loan”) with 599837 B.C. Ltd. (the “Lender”) in the principal amount of $1,401,632.29 (the “Principal Amount”).   The Amendment provides that interest shall accrue on the Principal Amount at a rate of 8% per annum effective as of September 26, 2025. The Amendment further provides that the Existing Loan will mature and become due and payable on November 30, 2026. If the Principal Amount and all accrued interest are not repaid on November 30, 2026, the Existing Loan will become due and payable on demand and will continue to bear interest until paid in full, without such failure to repay constituting a default.   The proceeds of the Existing Loan were used for the purchase of vehicles and equipment. No securities of the Company will be issued in connection with the Existing Loan or the Amendment.   Multilateral Instrument 61-101   The Amendment constitutes a "related party transaction" under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101") as Mike Irmen is a director of the Company and a director and shareholder of the Lender. The Company has relied on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 on the basis that the transactions did not exceed 25% of the fair market value of the Company’s market capitalization. The Company did not file a material change report more than 21 days before the entering into of the Amendment as the terms of the Amendment were not settled until shortly prior to execution and the parties wished to close the Amendment on an expedited basis for sound business reasons.   About Ironman International Ltd.   Established in 1999, Ironman International Ltd. is a leading North American provider of horizontal directional drilling and trenchless infrastructure services, operating 24/7 to suppor...

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