DENARIUS METALS ANNOUNCES DETAILS FOR THE MAY 31, 2026 INTEREST PAYMENTS ON ITS CONVERTIBLE UNSECURED DEBENTURES
Rhea-AI Summary
Denarius Metals (OTCQX: DNRSF) detailed the monthly interest payments due May 31, 2026 on its convertible unsecured debentures maturing in 2029 and 2030. Interest of CA$341,381 will be settled on June 1, 2026 through issuance of 432,129 common shares.
The 2023 Debentures (CA$19,886,560 principal) generate CA$198,866 interest, paid via 251,729 shares. The 2024 Debentures (CA$14,251,506 principal) generate CA$142,515 interest, paid via 180,400 shares, all priced at CA$0.79 per share. Issuance is subject to Cboe Canada acceptance.
Positive
- None.
Negative
- 432,129 new shares issued to settle May 31, 2026 interest obligations
- Insiders receive 110,731 common shares as interest on their debenture holdings
- Share issuance for May 2026 interest remains subject to Cboe Canada acceptance
News Market Reaction – DNRSF
In the May 29 session, DNRSF declined 2.45%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
The table below summarizes the details for the shares to be issued on June 1, 2026 to holders of the 2023 Debentures and the 2024 Debentures in settlement of the monthly interest due on May 31, 2026:
Principal Amount of (CA$) | Interest (CA$) | Number of Shares to be Issued (2) | Number of Shares | |
2023 Debentures | 19,886,560 | 198,866 | 251,729 | 0.012658 |
2024 Debentures | 14,251,506 | 142,515 | 180,400 | 0.0012658 |
Total | 34,138,066 | 341,381 | 432,129 |
(1) | Issued and outstanding as of May 28, 2026. |
(2) | Based on the closing price of the common shares on Cboe Canada of CA |
Mr. Serafino Iacono (Executive Chairman), Mr. Federico Restrepo-Solano (Director and CEO), Mr. Michael Davies (Chief Financial Officer) and Ms. Amanda Fullerton (General Counsel and Secretary) (collectively, the "Insiders") will receive an aggregate of 110,731 common shares in settlement of the interest payable on their respective holdings of 2023 Debentures and 2024 Debentures.
The issuance of the common shares in settlement of the interest payable for May 2026 on the 2023 Debentures and the 2024 Debentures is subject to the acceptance of Cboe Canada.
About Denarius Metals
Denarius Metals is a Canadian junior company engaged in the acquisition, exploration, development and eventual operation of precious metals and polymetallic mining projects in high-grade districts in Colombia and Spain. Denarius Metals is listed on Cboe Canada where it trades under the symbol "DMET". The Company also trades on the OTCQX Market in the United States under the symbol "DNRSF".
In Colombia, Denarius Metals is producing gold and silver in an "early production" phase at its
In Spain, Denarius Metals has interests in three projects focused on in-demand critical minerals. The Company owns a
Additional information on Denarius Metals can be found on its website at www.denariusmetals.com and by reviewing its profile on SEDAR+ at www.sedarplus.ca.
Cautionary Statement on Forward-Looking Information
This news release contains "forward-looking information", which may include, but is not limited to, statements with respect to anticipated business plans or strategies, including Cboe Canada final acceptance of the share issuance. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Denarius Metals to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption "Risk Factors" in the Company's Annual Information Form dated March 31, 2025 which is available for view on SEDAR+ at www.sedarplus.ca. Forward-looking statements contained herein are made as of the date of this press release and Denarius Metals disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
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SOURCE Denarius Metals Corp.