Tokenwell arranges $600,000 debenture offering

Executive Summary

• Tokenwell Platforms Inc. has arranged a non-brokered private placement of unsecured convertible debentures to raise up to $600,000 in gross proceeds.
• The debentures carry a 10% annual interest rate, payable in common shares upon conversion or at maturity, with a maturity date of 12 months from issuance.
• Proceeds are intended for general working capital, and the offering is subject to regulatory approvals and a statutory hold period.

Key Details

• Transaction Type: Non-brokered private placement of unsecured convertible debentures.
• Gross Proceeds: Up to $600,000.
• Interest Rate: 10.0% per annum, calculated monthly and accrued.
• Interest Payment Method: Payable in common shares of the company upon conversion or at maturity.
• Conversion Price: Six cents ($0.06) per share.
• Conversion Rights: Outstanding principal and accrued interest may be converted into shares at any time on or before the maturity date. On the maturity date, holders may convert the outstanding principal and accrued interest into shares at the conversion price.
• Maturity Date: 12 months following the date of issuance.
• Use of Proceeds: General working capital purposes.
• Expected Closing Date: On or before April 15, 2026.
• Conditions: Subject to regulatory and other approvals.
• Finders' Fees: The company may pay finders' fees to eligible parties who assisted in introducing subscribers.
• Hold Period: All securities issued are subject to a statutory hold period of four months and one day following issuance.