Original News Release
Tactical Resources issues 5,907 units to retire debt
Mr. Ranjeet Sundher reports
TACTICAL RESOURCES ISSUES UNITS FOR DEBT
Tactical Resources Corp. has issued 5,907 units of the company at a deemed price of $7.10 per unit in satisfaction of $41,936.82 in accrued and unpaid interest pursuant to the terms of a previously issued unsecured convertible debenture in the principal amount of $200,000 which matured on May 17, 2026.
Each unit consists of one common share in the capital of the issuer and one common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share at an exercise price of $7.29 per common share for a period of 36 months from date of issuance. The issuance of the units is subject to the approval of the TSX Venture Exchange.
About Tactical Resources Corp.
Tactical is a mineral exploration and development company focused on United States-made rare-earth elements used in semiconductors, electric vehicles, advanced robotics and, most importantly, national defence. The company is also actively involved in the development of innovative metallurgical processing techniques to further unlock REEs (rare-earth elements) development potential. The company's Peak project is located in the Sierra Blanca area of Texas.
We seek Safe Harbor.
View at source ↗