Eguana proposes up to C$500,000 secured convertible debenture offering

Eguana Technologies Inc. announced a proposed non-brokered private placement of 10% subordinated secured convertible debentures for up to C$500,000. The financing is permitted despite an ongoing failure-to-file cease trade order. Debentures mature 12 months from issuance, with conversion into shares at C$0.15 permitted only once the cease trade order is fully revoked. Proceeds will fund overdue financial filings, related professional fees, and working capital. Closing is targeted around Sept. 22, 2026, subject to TSXV acceptance and other conditions.