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Troubadour Resources Announces Non-Brokered Unit Private Placement and Convertible Debenture Financing
- TR.V
- 2QD0
- TROUD
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VANCOUVER, BC /ACCESS Newswire/ September 8, 2026 / Troubadour Resources Inc. (“Troubadour” or the “Company”) (TSXV:TR)(OTC PINK:TROUF) announces concurrent non-brokered private placements for aggregate gross proceeds of up to $950,000, consisting of a unit offering for gross proceeds of up to $500,000 (the “Unit Offering“) and an unsecured convertible debenture offering for gross proceeds of up to $450,000 (the “Debenture Offering“, and together with the Unit Offering, the “Offerings“). The Offerings may be completed in one or more tranches and neither Offering is conditional on completion of the other.
Under the Unit Offering, the Company is offering up to 5,555,555 units (each, a “Unit“) at a price of $0.09 per Unit for gross proceeds of up to $500,000. Each Unit will consist of one common share of the Company and one common share purchase warrant (each, a “Unit Warrant“), with each Unit Warrant entitling the holder to acquire one additional common share of the Company at an exercise price of $0.12 for a period of thirty-six (36) months from the date of issuance.
No subscriber may acquire more than 1,254,984 Units, and each warrant will provide that it may not be exercised to the extent that, after giving effect to such exercise, the holder, together with its associates and affiliates, would beneficially own or control more than 9.9% of the then-outstanding common shares of the Company.
Under the Debenture Offering, the Company is offering up to $529,412 aggregate principal amount of unsecured convertible debentures (the “Debentures“) to multiple subscribers at an original issue discount of 15%, such that the subscription price for each $1,000 principal amount of Debentures is $850 and the maximum principal amount represents gross proceeds of $450,000. The minimum subscription is $25,000 principal amount of Debentures per subscriber.
The Debentures will mature three (3) years from the date of issuance of the first tranche and will bear interest at 20.0% per annum, calculated and compounded monthly, accruing from the date of issuance and payable quarterly in arrears, increasing by an additional 4.0% per annum (to 24.0%) on and during the continuance of an event of default. Accrued interest may be settled in common shares at the Company’s election at a price not less than the market price at the time the interest becomes payable, subject to TSX Venture Exchange (the “Exchange“) acceptance.
