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Electric Royalties Announces Interest Conversion under Convertible Credit Facility

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Electric Royalties (OTCQB:ELECF) announced that Gleason & Sons LLC has converted C$536,500 of accrued interest into 3,700,000 common shares at C$0.145 per share under their convertible credit facility. The conversion is expected to be completed in August 2025, subject to TSX Venture Exchange approval.

CEO Brendan Yurik highlighted that this conversion eliminates all previously accrued interest and noted the continued support from their largest shareholder, Stefan Gleason. The company maintains a portfolio of 43 royalties, including a cash-flowing royalty on the Punitaqui copper mine in Chile.

Electric Royalties (OTCQB:ELECF) ha comunicato che Gleason & Sons LLC ha convertito C$536.500 di interessi maturati in 3.700.000 azioni ordinarie al prezzo di C$0,145 per azione nell'ambito della loro linea di credito convertibile. La conversione dovrebbe essere completata nell'agosto 2025, subordinatamente all'approvazione della TSX Venture Exchange.

Il CEO Brendan Yurik ha sottolineato che questa operazione azzera tutti gli interessi maturati precedentemente e ha evidenziato il continuo sostegno del maggiore azionista, Stefan Gleason. La società detiene un portafoglio di 43 royalties, compresa una royalty produttiva sulla miniera di rame Punitaqui in Cile.

Electric Royalties (OTCQB:ELECF) anunció que Gleason & Sons LLC ha convertido C$536.500 de intereses acumulados en 3.700.000 acciones ordinarias a C$0,145 por acción bajo su facilidad de crédito convertible. Se espera que la conversión se complete en agosto de 2025, sujeta a la aprobación de la TSX Venture Exchange.

El CEO Brendan Yurik destacó que esta conversión elimina todos los intereses acumulados previamente y señaló el apoyo continuo de su mayor accionista, Stefan Gleason. La compañía mantiene una cartera de 43 regalías, incluida una regalía generadora de flujo de caja en la mina de cobre Punitaqui en Chile.

Electric Royalties (OTCQB:ELECF)ëŠ� Gleason & Sons LLCê°€ ëˆ„ì  ì´ìž C$536,500ë¥� 전환 신용시설ì—� ë”°ë¼ ì£¼ë‹¹ C$0.145ë¡� 3,700,000 보통주로 전환했다ê³� 발표했습니다. ì� ì „í™˜ì€ TSX Venture Exchangeì� 승ì¸ì—� ë”°ë¼ 2025ë…� 8ì›”ì— ì™„ë£Œë� 예정입니ë‹�.

CEO 브랜ë“� 유릭(Brendan Yurik)ì€ ì´ë²ˆ 전환으로 ì´ì „ì—� 누ì ë� 모든 ì´ìžê°€ 소멸ëœë‹¤ê³� 강조했으ë©�, 최대 주주ì� 스테íŒ� 글리슨(Stefan Gleason)ì� ì§€ì†ì ì� ì§€ì›ë„ 언급했습니다. 회사ëŠ� ì¹ ë ˆ 푸니타í‚�(Punitaqui) 구리 ê´‘ì‚°ì� 현금í름ì� 창출하는 로열티를 í¬í•¨í•� 43ê°œì˜ ë¡œì—´í‹� í¬íЏí´ë¦¬ì˜¤ë¥¼ 보유하고 있습니다.

Electric Royalties (OTCQB:ELECF) a annoncé que Gleason & Sons LLC a converti C$536 500 d'intérêts courus en 3 700 000 actions ordinaires à C$0,145 par action dans le cadre de leur facilité de crédit convertible. La conversion devrait être finalisée en août 2025, sous réserve de l'approbation de la TSX Venture Exchange.

Le PDG Brendan Yurik a souligné que cette conversion supprime tous les intérêts courus antérieurs et a noté le soutien continu de leur principal actionnaire, Stefan Gleason. La société conserve un portefeuille de 43 redevances, incluant une redevance génératrice de cash-flow sur la mine de cuivre de Punitaqui au Chili.

Electric Royalties (OTCQB:ELECF) gab bekannt, dass Gleason & Sons LLC C$536.500 aufgelaufene Zinsen in 3.700.000 Stammaktien zu C$0,145 pro Aktie im Rahmen ihrer wandelbaren Kreditfazilität umgewandelt hat. Die Umwandlung soll im August 2025 abgeschlossen werden, vorbehaltlich der Zustimmung der TSX Venture Exchange.

CEO Brendan Yurik betonte, dass diese Umwandlung alle zuvor aufgelaufenen Zinsen eliminiert, und hob die anhaltende Unterstützung durch den größten Aktionär, Stefan Gleason, hervor. Das Unternehmen hält ein Portfolio von 43 Royalties, darunter eine umsatzgenerierende Royalty auf die Kupfermine Punitaqui in Chile.

Positive
  • Elimination of C$536,500 in accrued interest debt through equity conversion
  • Strong support demonstrated by largest shareholder through debt conversion
  • Company holds 43 royalties including cash-flowing Punitaqui copper mine royalty
Negative
  • 3,700,000 new shares will result in dilution for existing shareholders
  • Conversion shares subject to resale restrictions for 4-6 months

VANCOUVER, BC / / August 18, 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$536,500.00 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 3,700,000 common shares of the Company (the "Conversion Shares"), at a conversion price of C$0.145 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 August 2025.

"This conversion zeroes out all interest accrued prior to last week. 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. "I look forward to updating the market soon regarding key developments across our portfolio, which includes our cash-flowing royalty on the Punitaqui copper mine in Chile."

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 forth under Section 5.1(h)(iii) of MI 61-101.

About Electric Royalties Ltd.

Electric Royalties is a royalty company established to take advantage of the demand for a wide range of commodities (lithium, vanadium, manganese, tin, graphite, cobalt, nickel, zinc and copper) that will benefit from the drive toward electrification of a variety of consumer products: cars, rechargeable batteries, large scale energy storage, renewable energy generation and other applications.

Electric vehicle sales, battery production capacity and renewable energy generation are slated to increase significantly over the next several years and with it, the demand for these targeted commodities. This creates a unique opportunity to invest in and acquire royalties over the mines and projects that will supply the materials needed to fuel the electric revolution.

Electric Royalties has a growing portfolio of 43 royalties in lithium, vanadium, manganese, tin, graphite, cobalt, nickel, zinc and copper across the world. The Company is focused predominantly on acquiring royalties on advanced stage and operating projects to build a diversified portfolio located in jurisdictions with low geopolitical risk, which offers investors exposure to the clean energy transition via the underlying commodities required to rebuild the global infrastructure over the next several decades toward a decarbonized global economy.

Company Contact

Brendan Yurik
CEO, Electric Royalties Ltd.
Phone: (604) 364�3540
Email: [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), nor any other regulatory body or securities exchange platform, accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statements Regarding Forward-Looking Information and Other Company Information

This news release includes forward-looking information and forward-looking statements (collectively, "forward-looking information") with respect to the Company within the meaning of Canadian securities laws. This news release includes information regarding other companies and projects owned by such other companies in which the Company holds a royalty interest, based on previously disclosed public information disclosed by those companies and the Company is not responsible for the accuracy of that information, and that all information provided herein is subject to this Cautionary Statement Regarding Forward-Looking Information and Other Company Information. Forward looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. This information represents predictions and actual events or results may differ materially. Forward-looking information may relate to the Company's future outlook and anticipated events and may include statements regarding the financial results, future financial position, expected growth of cash flows, business strategy, budgets, projected costs, projected capital expenditures, taxes, plans, objectives, industry trends and growth opportunities of the Company and the projects in which it holds royalty interests.

While management considers these assumptions to be reasonable, based on information available, they may prove to be incorrect. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company or these projects to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks, uncertainties and other factors include, but are not limited to risks associated with general economic conditions; adverse industry events; marketing costs; loss of markets; future legislative and regulatory developments involving the renewable energy industry; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; the mining industry generally, recent market volatility, income tax and regulatory matters; the ability of the Company or the owners of these projects to implement their business strategies including expansion plans; competition; currency and interest rate fluctuations, and the other risks.

The reader is referred to the Company's most recent filings on SEDAR+ as well as other information filed with the OTC Markets for a more complete discussion of all applicable risk factors and their potential effects, copies of which may be accessed through the Company's profile page at and at otcmarkets.com.

SOURCE: Electric Royalties Ltd.



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FAQ

What is the conversion price for Electric Royalties (ELECF) interest conversion?

The interest is being converted at C$0.145 per share, resulting in the issuance of 3,700,000 common shares.

How many shares will be issued in ELECF's interest conversion?

Electric Royalties will issue 3,700,000 common shares to convert C$536,500 of accrued interest.

What are the trading restrictions on ELECF's conversion shares?

The conversion shares will have resale restrictions for 4 months and one day under Canadian securities laws, and 6 months under U.S. securities laws.

How many royalties does Electric Royalties (ELECF) currently hold?

Electric Royalties maintains a diversified portfolio of 43 royalties, including a cash-flowing royalty on the Punitaqui copper mine in Chile.

Who is converting the interest in Electric Royalties' credit facility?

Gleason & Sons LLC, representing the company's largest shareholder Stefan Gleason, is converting the accrued interest under the convertible credit facility.
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