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Financings

DENARIUS METALS ANNOUNCES DETAILS FOR THE JANUARY 31, 2026 INTEREST PAYMENTS ON ITS CONVERTIBLE UNSECURED DEBENTURES AND THE FIRST GOLD PREMIUM PAYMENTS ON ITS 2023 DEBENTURES

By The Northwire Desk — AI Analysis Jan 29, 2026 · 18:23 DMET · 0.72 DENARIUS METALS CORP.
DMET · Price

Executive Summary

  • Denarius Metals disclosed the share‑based settlement of monthly interest due on its 2023 (due Oct 19 2029) and 2024 (due May 30 2030) convertible unsecured debentures, totaling 487,985 common shares to be issued on February 2 2026.
  • The company announced the first quarterly gold‑premium payment on its 2023 Debentures, resulting in a gross premium of CA$6.08 million and the issuance of 8,645,816 common shares (net of withholding taxes) on February 2 2026.
  • Insiders will receive additional shares: 124,967 for interest settlements and 889,225 for gold‑premium settlements.

Key Details

  • Interest Settlement – 2023 Debentures: CA$19,886,560 principal; CA$198,866 interest; 284,094 shares issued (0.014286 shares per CA$1.00).
  • Interest Settlement – 2024 Debentures: CA$14,272,314 principal; CA$142,723 interest; 203,891 shares issued (0.014286 shares per CA$1.00).
  • Total Shares for Interest Payments: 487,985 common shares to be issued on Feb 2 2026.

  • Insider Interest Allocation: Executives and directors receive a combined 124,967 common shares in settlement of their interest holdings.

  • Gold Premium – 2023 Debentures: Quarterly premium triggered as London P.M. Fix > US$1,800/oz; rate set at 30.556% because the fix reached US$4,000/oz on Jan 16 2026.

  • Gross Gold‑Premium Amount: CA$6,076,537.
  • Net Shares Issued for Gold Premium: 8,645,816 common shares (based on CA$0.70 closing price) to be issued on Feb 2 2026 after withholding tax deductions.

  • Insider Gold‑Premium Allocation: Insiders receive a combined 889,225 common shares in settlement of their gold‑premium holdings.

  • Share Issuance Conditions: All share issuances are subject to acceptance by Cboe Canada and applicable non‑resident withholding tax requirements.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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