Atico Mining to repay about US$ 3.5 million of Trafigura debt from debenture proceeds

Bitget2026/09/29 19:14

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Atico Mining entered a US$16.4 million secured convertible debenture with a Trafigura affiliate, convertible at US$0.22 per share.
Proceeds target debt repayment, including about US$3.5 million under the existing Trafigura credit agreement, with about US$6 million outstanding.
Funds also earmarked to repay all remaining Dundee subordinated debenture debt, with about US$6,980,551 outstanding.
Separate shares-for-debt settlement issues 16,149,870 shares to retire US$2.5 million of Trafigura credit agreement debt.
Convertible debenture matures 5 years and one day from issuance, with 7% cash interest or 10% share-settled interest.

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 via GlobeNewswire (Ref. ID: 202609291514PRIMZONEFULLFEED9836268) on September 29, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Atico Mining to repay about US$ 3.5 million of Trafigura debt from debenture proceeds

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