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Financings

Talisker to convert $5.1M of debentures into shares

By The Northwire Desk — AI Analysis Oct 03, 2025 · 15:17 TSK · 1.50 Talisker Resources Ltd.
TSK · Price

Executive Summary

  • Talisker Resources Ltd. converted the full principal amounts of its two outstanding convertible debentures, eliminating $5.1 million of debt.
  • The conversion resulted in issuance of 8,000,000 common shares to Phoenix Gold Fund and 1,964,285 common shares to Spartan MM Fund, effective October 8, 2025.
  • The conversion was triggered by the TSX closing price exceeding the required 130 % of each debenture’s conversion price for the requisite 20‑day period.

Key Details

  • Debentures Converted:
  • $4 million convertible debenture issued on Oct. 9, 2024 to Phoenix Gold Fund → converted into 8,000,000 shares.
  • $1.1 million convertible debenture issued on Nov. 7, 2024 to Spartan MM Fund → converted into 1,964,285 shares.
  • Conversion Conditions Met: Closing price of Talisker’s TSX‑listed common shares was ≥130 % of the applicable conversion price for each debenture over the 20 trading days preceding the notice.
  • Effective Date of Share Issuance: October 8, 2025 (the “Closing”).
  • Debt Reduction: Total principal debt eliminated = $5.1 million.
  • Shareholder Rights: The convertible debentures also grant Talisker a right to identify a purchaser if either holder wishes to sell any of the newly issued shares.

Notable Quotes

(No CEO/President quotes were provided in the release.)

Read the original news release →

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