Atico Mining Converts USD 2.5 Million of Debt Into Shares

Bitget2026/10/15 20:31

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Atico Mining closed a USD 16.4 million secured convertible debenture placement with a Trafigura affiliate on Oct. 15, 2026.
Consideration comprised approximately USD 12.48 million in cash and conversion of approximately USD 3.52 million owed under the existing Trafigura credit agreement.
Issuance of 16,149,870 common shares settled another USD 2.5 million of Trafigura debt, leaving the existing credit agreement fully repaid.
Part of the financing proceeds repaid all outstanding indebtedness under the 12% unsecured subordinated debenture issued to Dundee.
The convertible debenture converts at USD 0.22 per share; annual interest is 7% paid in cash or 10% paid in shares.

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. Atico Mining Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610151630OMX_____CNEWS_EN_GNW9846778_en) on October 15, 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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Atico Mining Converts USD 2.5 Million of Debt Into Shares

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