Trenchant Technologies arranges debenture financing

Executive Summary

• Trenchant Technologies Capital Corp. is conducting a private placement of convertible debentures for up to $1.5 million in gross proceeds.
• The 12% per annum debentures mature one year from issuance and are convertible at $0.10 per share (subject to adjustments).
• Board composition changes: Jennie Choboter steps down; Jason Hawkins appointed as a new director effective immediately.

Key Details

• Financing Structure: Private placement of unsecured convertible debentures, each bearing interest at 12% annually, with a one‑year maturity.
• Gross Proceeds: Up to $1.5 million; proceeds earmarked for general working capital purposes.
• Conversion Terms: Holder may convert principal and accrued interest into common shares at a conversion price of $0.10 per share, subject to customary adjustments.
• Statutory Hold Period: All securities issued are subject to a hold period expiring four months and one day after issuance.
• Related‑Party Participation: Certain insiders may participate; the transaction qualifies for exemptions under MI 61‑101 (sections 5.5(b) and 5.7(a)) because shares are not listed on a specified market and the fair‑market value of issued shares will not exceed 25% of market capitalization.
• Board Update – Departure: Jennie Choboter resigns from the board; company thanks her for valuable service.
• Board Update – Appointment: Jason Hawkins appointed to the board, bringing over 25 years of capital‑markets experience across mining, oil & gas, technology, and healthcare sectors.

Notable Quotes

(No direct quotes were provided in the release.)