Northwire Canada EditionWednesday, July 29, 2026
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NAM 0.250 +0.0% CRD 0.065 +8.3% OLA 12.90 −3.7% CG 22.70 −2.5% EQX 12.89 −4.0% FM 37.51 −2.3% MNRG 0.080 −11.1% KFR 1.31 +0.8% AUMN 0.275 +0.0% GLB 0.250 +0.0% BHS 0.045 −10.0% EGR 0.025 +0.0% RIO 2.59 −4.1% GEN 0.070 +0.0% MAI 4.39 −2.0% RYR 0.175 +0.0% NAM 0.250 +0.0% CRD 0.065 +8.3% OLA 12.90 −3.7% CG 22.70 −2.5% EQX 12.89 −4.0% FM 37.51 −2.3% MNRG 0.080 −11.1% KFR 1.31 +0.8% AUMN 0.275 +0.0% GLB 0.250 +0.0% BHS 0.045 −10.0% EGR 0.025 +0.0% RIO 2.59 −4.1% GEN 0.070 +0.0% MAI 4.39 −2.0% RYR 0.175 +0.0%

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Original News Release

Prophecy Defi to convert debentures into 615.74M shares

Prophecy Defi Inc Oct 02, 2025 · 19:50 PDFI As distributed — unedited
Mr. John McMahon reports PROPHECY DEFI ANNOUNCES SUPPLEMENTAL DEBENTURE AND CONVERSION OF THE DEBENTURES Prophecy Defi Inc. has received all required documentation and consents to proceed with the amendment and forced conversion of an aggregate of $5.36-million principal amount convertible debentures of the company issued on Dec. 23, 2021. The company and TSX Trust Company will enter into a supplemental convertible debenture indenture on or around the date hereof, pursuant to which the terms of the debentures will be amended, and all principal and accrued interest under the debentures will be automatically converted into common shares of the company at a conversion price of one cent, effective on or around Oct. 17, 2025. The conversion will result in the issuance of approximately 615,744,889 common shares in the capital of the company. John McMahon, chief executive officer of Prophecy Defi, commented: "We would like to extend our gratitude to our debentureholders. The amendments enable the company to simplify its capital structure and concentrate on advancing opportunities that support long-term value creation for all of its stakeholders." For additional details regarding the debentures, please refer to the company's news releases dated Dec. 23, 2021, Nov. 7, 2024, and June 10, 2025, each of which, and along with the supplemental indenture and the original convertible debenture indenture dated Dec. 23, 2021, as amended by way of a first supplemental indenture dated Dec. 13, 2024, are and will be available on the company's SEDAR+ profile. In accordance with the policies of the Canadian Securities Exchange, the amendments will not be applicable to an additional $67,000 principal amount debentures issued under the indentures to a certain agent involved in the initial issuance of the debentures as compensation for services provided to the company. Such debentures will continue under their current terms, unaffected by the amendments. About Prophecy Defi Inc. Prophecy Defi Inc. is a publicly traded investment company, the primary objective of which is to invest its funds for the purpose of generating returns from capital appreciation and income. It plans to accomplish these goals by bringing together technology start-ups in the blockchain and decentralized finance sectors to finance innovation, elevate industry research and create new business opportunities in a coherent ecosystem. We seek Safe Harbor.
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