Plurilock Announces Payment of Debenture Interest
Payment in shares will satisfy the interest obligation while adding 356,633 common shares.
Sentiment and the balance of points
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Rhea-AI Summary
Plurilock Security (PLCKF) will settle $75,000 in debenture interest payable as of September 30, 2026, through common shares.
The company will issue 356,633 common shares at a deemed price of $0.2103, based on the ten-trading-day volume-weighted average price preceding issuance. The interest relates to $3,000,000 of 10% unsecured convertible debentures issued October 30, 2025.
Positive
- Minor point. Forward-looking: it has not happened yet and may not happen.Share-based payment will satisfy $75,000 in interest payable as of September 30, 2026, without cash payment.
Negative
- Minor point. Forward-looking: it has not happened yet and may not happen.356,633 new common shares at a deemed price of $0.2103 will dilute existing holders.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Vancouver, British Columbia--(Newsfile Corp. - September 30, 2026) - Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) ("Plurilock" or the "Company"), a global cybersecurity service provider, announces payment of debenture interest through common shares of the Company (the "Common Shares").
Pursuant to the indenture between the Company and Odyssey Trust Company dated October 30, 2025, the
The Company will issue an aggregate of 356,633 Common Shares at the deemed share price of
About Plurilock
Plurilock is a services-led, product-enabled, AI-native cybersecurity company that solves complex cyber problems in high-stakes environments where failure isn't an option. Trusted by Five-Eyes governments, NATO-aligned agencies, and Global 2000 enterprises, we defend critical infrastructure and safeguard the systems that power modern life. Our Critical Services division delivers operational resilience through unmatched expertise, proprietary IP, and AI-driven playbooks.
For more information, visit https://www.plurilock.com or contact:
Ian L. Paterson
Chief Executive Officer
ian@plurilock.com
416.800.1566
Ali Hakimzadeh
Executive Chairman
ali@sequoiapartners.ca
604.306.5720
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the TSX Venture Exchange policies) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/316704
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How will Plurilock pay its September 30, 2026 debenture interest?
Plurilock will issue 356,633 common shares at a deemed price of $0.2103 to satisfy $75,000 in interest payable as of September 30, 2026.