Elysee to Amend Convertible Debentures

Executive Summary

• Elysee Development Corp.’s board approved amendments to its 8% unsecured convertible debentures, allowing pre‑payment as early as December 1 2025.
• The pre‑payment premium increases from 102% to 125% of the principal amount (plus accrued interest).
• Acceptance of the amendment is voluntary and must be received by December 1 2025; the changes remain subject to TSX Venture Exchange approval.

Key Details

• Original Debenture Terms: Issued June 14 2024, convertible into 5,131,578 common shares at $0.38 per share, maturity June 14 2028.
• Amended Pre‑payment Date: Earliest pre‑payment date moved from June 14 2027 to December 1 2025.
• Pre‑payment Premium: Repayment amount now 125% of the base principal (previously 102%) plus accrued but unpaid interest.
• Voluntary Acceptance Window: Debenture holders may accept the amendment from the announcement date until December 1 2025, 1:00 p.m. Vancouver time.
• Regulatory Condition: Amendments are subject to approval by the TSX Venture Exchange.
• Contact: Guido Cloetens, President & CEO – Tel: (778) 373‑1562; Email: [email protected]

Notable Quotes

(No direct quotes were provided in the release.)