Atico Mining plans to repay about US$3.5 million of Trafigura debt from debenture proceeds
Atico Mining said debenture proceeds will repay about US$3.5 million under a Trafigura credit agreement and also cover Dundee subordinated debenture debt, alongside issuing 16,149,870 shares for about US$2.5 million of debt.
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07:30:42 PM UTC
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Atico Mining announced a non-brokered private placement issuing a secured convertible debenture with a US$16.4 million face value to a Trafigura affiliate. The debenture is convertible into common shares at US$0.22 per share, a 40% premium to the Sept. 28 20-day VWAP. Closing is expected on or about Oct. 13, 2026, alongside a shares-for-debt settlement issuing 16,149,870 shares at US$0.1548. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Atico Mining Corporation published the original content used to generate this news brief on September 29, 2026, and is solely responsible for the information contained therein. (C)