Kings Chapel Converts $2 Milllion of Convertible Loan
CoTec Holdings (OTCQB:CTHCF) announced that Kings Chapel International has converted $2 million of its convertible loan into 2,666,667 CoTec common shares at a conversion price of CAD$0.75 per share. The conversion was executed under the amended and restated convertible loan agreement dated November 19, 2024.
Following this conversion, the remaining principal amount owed by CoTec under the Convertible Loan Agreement stands at $4,351,387.
CoTec Holdings (OTCQB:CTHCF) ha annunciato che Kings Chapel International ha convertito 2 milioni di dollari del suo prestito convertibile in 2.666.667 azioni ordinarie di CoTec, al prezzo di conversione di CAD$0,75 per azione. La conversione 猫 stata effettuata secondo il contratto di prestito convertibile modificato e riformulato in data 19 novembre 2024.
Dopo questa conversione, l'importo residuo del capitale dovuto da CoTec ai sensi del Contratto di Prestito Convertibile 猫 di 4.351.387 dollari.
CoTec Holdings (OTCQB:CTHCF) anunci贸 que Kings Chapel International ha convertido 2 millones de d贸lares de su pr茅stamo convertible en 2.666.667 acciones comunes de CoTec a un precio de conversi贸n de CAD$0,75 por acci贸n. La conversi贸n se realiz贸 bajo el acuerdo de pr茅stamo convertible enmendado y reformulado con fecha 19 de noviembre de 2024.
Tras esta conversi贸n, el monto principal pendiente que CoTec debe bajo el Acuerdo de Pr茅stamo Convertible es de 4.351.387 d贸lares.
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鞚措矆 鞝勴櫂 鞚错泟 CoTec臧� 鞝勴櫂 雽�於� 瓿勳暯鞐� 霐半澕 靸來櫂頃挫暭 頃� 鞛旍棳 鞗愱笀鞚� 4,351,387 雼煬鞛呺媹雼�.
CoTec Holdings (OTCQB:CTHCF) a annonc茅 que Kings Chapel International a converti 2 millions de dollars de son pr锚t convertible en 2 666 667 actions ordinaires CoTec au prix de conversion de CAD$0,75 par action. La conversion a 茅t茅 r茅alis茅e conform茅ment 脿 l'accord de pr锚t convertible modifi茅 et refondu en date du 19 novembre 2024.
Suite 脿 cette conversion, le montant principal restant d没 par CoTec en vertu de l'Accord de pr锚t convertible s'茅l猫ve 脿 4 351 387 dollars.
CoTec Holdings (OTCQB:CTHCF) gab bekannt, dass Kings Chapel International 2 Millionen US-Dollar seines wandelbaren Darlehens in 2.666.667 CoTec-Stammaktien zu einem Umwandlungspreis von CAD$0,75 pro Aktie umgewandelt hat. Die Umwandlung erfolgte gem盲脽 dem ge盲nderten und neu gefassten Wandelkreditvertrag vom 19. November 2024.
Nach dieser Umwandlung betr盲gt der verbleibende Kapitalbetrag, den CoTec gem盲脽 dem Wandelkreditvertrag schuldet, 4.351.387 US-Dollar.
- None.
- Dilution of existing shareholders through issuance of 2,666,667 new shares
- Significant remaining debt of $4,351,387 still on books
VANCOUVER, BRITISH COLUMBIA / / August 5, 2025 / CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) ("CoTec" or the "Corporation") is pleased to announce that Kings Chapel International ("Kings Chapel") has converted
About CoTec
CoTec is a publicly traded investment issuer listed on the Toronto Venture Stock Exchange ("TSX-V") and the OTCQB and trades under the symbols CTH and CTHCF respectively. CoTec Holdings Corp. is a forward-thinking resource extraction company committed to revolutionizing the global metals and minerals industry through innovative, environmentally sustainable technologies and strategic asset acquisitions. With a mission to drive the sector toward a low-carbon future, CoTec employs a dual approach: investing in disruptive mineral extraction technologies that enhance efficiency and sustainability while applying these technologies to undervalued mining assets to unlock their full potential. By focusing on recycling, waste mining, and scalable solutions, the Company accelerates the production of critical minerals, shortens development timelines, and reduces environmental impact. CoTec's strategic model delivers low capital requirements, rapid revenue generation, and high barriers to entry, positioning it as a leading mid-tier disruptor in the commodities sector.
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For further information, please contact:
Braam Jonker - (604) 992-5600
Forward-Looking Information Cautionary Statement
Statements in this press release regarding the Corporation's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties, including statements relating to management's expectations with respect to the adoption of new technologies across the mineral extraction industry and the benefits to the Corporation which may be implied from such statements. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
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SOURCE: CoTec Holdings Corp.
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FAQ
How much of Kings Chapel's convertible loan did CoTec Holdings (CTHCF) convert to equity?
How many new shares were issued by CoTec Holdings (CTHCF) in the loan conversion?
What is the remaining loan balance for CoTec Holdings (CTHCF) after the Kings Chapel conversion?
What was the conversion price for Kings Chapel's loan to CoTec Holdings shares?
