Denarius Metals Announces Upcoming Interest Payments
Denarius Metals Corp. (Cboe CA: DMET) (OTCQX: DNRSF) has publicly shared the details regarding its monthly interest payments due on December 31, 2025. These payments pertain to the company's convertible unsecured debentures, which have maturity dates set for October 19, 2029, and May 30, 2030.
Summarized Payment Details
The upcoming interest payments will be settled through the issuance of common shares. A clear breakdown of the principal amounts of debentures and the corresponding interest highlights the company's financial commitments.
Insight on Debenture Payments
Interest payments on the debentures, specifically the amounts due on December 31, will be issued to holders of the 2023 and 2024 Debentures. For the 2023 Debentures, the principal amount is 19,886,560 CA$, while the interest stands at 198,866 CA$. In turn, holders of these debentures will receive significant share distributions as a form of interest compensation.
Details on Shares Issuance
The shares issued to fulfill the interest payment obligations will amount to around 320,752 for the 2023 Debentures, where the number of shares issued per CA$1.00 of principal is set at 0.016129. For the 2024 Debentures, with a principal amount of 14,272,314 CA$ and interest of 142,723 CA$, approximately 223,197 shares will be circulated.
Regulatory Compliance for Issuance
It's important to note that the issuance of common shares as payment for interest is subject to approval by Cboe Canada, ensuring all necessary regulatory protocols are followed.
Leadership in Action
Several key company executives will personally receive shares as part of the interest payments. This includes Mr. Serafino Iacono, Mr. Federico Restrepo-Solano, Mr. Michael Davies, and Ms. Amanda Fullerton, who will jointly acquire 141,092 common shares reflecting their positions in the 2023 and 2024 Debentures.
About Denarius Metals
Denarius Metals is a dynamic Canadian junior mining entity focused on discovering and developing precious metals and polymetallic projects in high-grade areas of Colombia and Spain. Trade symbols for the company include "DMET" on Cboe Canada and "DNRSF" on the OTCQX Market in the U.S.
In Colombia, Denarius has recently launched operations at its 100%-owned Zancudo Project, a notable gold-silver mining site encompassing the historic Independencia mine, situated in the fertile Cauca Belt region.
The company’s reach extends to Spain, where Denarius has interests in several projects emphasizing critical mineral extraction. They own 21% of Rio Narcea Recursos, S.L. and are operating the Aguablanca Project, acknowledged by the EU as a strategic venture. This project boasts a processing capacity of 5,000 tonnes per day and includes the rights to the historical Aguablanca nickel-copper mine.
Moreover, Denarius holds full ownership of both the Lomero Project, a polymetallic site within the renowned Iberian Pyrite Belt, and the Toral Project, a promising high-grade zinc-lead-silver deposit located in Northern Spain.
Frequently Asked Questions
What is the nature of the interest payments announced by Denarius Metals?
The interest payments are scheduled for December 31, 2025, and will be settled through the issuance of common shares to debenture holders.
What amounts are associated with the 2023 and 2024 Debentures?
The 2023 Debentures have a principal amount of 19,886,560 CA$, while the 2024 Debentures total 14,272,314 CA$.
Who will receive shares as part of the interest payment?
Key executives, including the Executive Chairman and CEO, will receive a combined total of 141,092 shares.
What regulatory approval is required for the issuance of shares?
The issuance of common shares is subject to acceptance by Cboe Canada.
What projects is Denarius Metals involved in?
Denarius Metals is active in Colombia and Spain, focusing on precious metals and polymetallic mining projects, including the Zancudo Project and the Aguablanca Project.
