CoTec plans private placement of up to $20 million unsecured convertible debentures

Reuters2026/08/11 10:10

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CoTec launched a non-brokered private placement of up to USD 20 million of unsecured convertible debentures.
Debentures carry 12.5% interest, paid semi-annually in arrears, first payment due Feb. 28, 2027.
Maturity set five years from issuance; holders can convert principal into common shares at CAD 1.75 per share.
Proceeds earmarked for HyProMag USA equipment purchases, working capital.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CoTec Holdings Corp. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202608110610ACCESSWRNAPR_____1206047) on August 11, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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CoTec plans private placement of up to $20 million unsecured convertible debentures

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