Tokenwell Platforms Announces Convertible Debenture Financing

Executive Summary

• Tokenwell Platforms Inc. announced a non‑brokered private placement to raise up to $600,000 in gross proceeds through unsecured convertible debentures.
• The debentures bear 10.0% annual interest, mature 12 months after issuance, and are convertible at $0.06 per share (or payable in shares at maturity).
• Net proceeds will be used for general working capital, with the offering expected to close on or before April 15, 2026 subject to regulatory approvals.

Key Details

• Offering Size: Up to $600,000 aggregate gross proceeds.
• Instrument: Unsecured convertible debentures (the “Debentures”).
• Interest Rate: 10.0% per annum, calculated monthly and accrued.
• Maturity: 12 months from the date of issuance.
• Conversion Price: $0.06 per common share; conversion may occur at any time prior to maturity or at maturity.
• Use of Proceeds: General working capital purposes.
• Closing Date: Expected on or before April 15, 2026 (or earlier/later as determined).
• Regulatory Conditions: Subject to receipt of all necessary regulatory and other approvals; statutory hold period of four months and one day applies to the securities.
• Finder’s Fees: Company may pay eligible finders who introduced subscribers to the Offering.

Notable Quotes

• “We are pleased to announce this financing, which will provide us with the capital needed to continue advancing our cryptocurrency platform and support ongoing operational initiatives,” – Timothy J. Burgess, CEO and Director.