Plurilock Announces Payment of Debenture Interest
Plurilock (OTCQB: PLCKF) announced it issued 312,188 common shares at $0.2042 per share to satisfy $63,750 of interest due on its unsecured convertible debentures.
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Rhea-AI Summary
Plurilock (OTCQB: PLCKF) announced it issued 312,188 common shares at $0.2042 per share to satisfy $63,750 of interest due on its unsecured convertible debentures. The shares satisfy interest on two indentures: the $275,000 September 20, 2022 debentures and the $3,000,000 October 30, 2025 debentures.
The issuance was made in lieu of cash interest payments under the respective indentures, reducing near-term cash outflows while increasing share count.
Positive
- Issued 312,188 shares to satisfy $63,750 interest
- Preserved company cash by paying interest in shares
Negative
- Share issuance at $0.2042 increases common share count
- Outstanding debentures total $3,275,000 principal
Details
News Market Reaction – PLCKF
On Jan 2, the first trading day after this news, PLCKF closed 0.07% above the previous close.
Data tracked by StockTitan Argus for the Jan 2 session.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Vancouver, British Columbia--(Newsfile Corp. - December 31, 2025) - Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) ("Plurilock" or the "Company"), a global cybersecurity systems integrator, is pleased to announce that, pursuant to the indenture between the Company and Computershare Trust Company of Canada dated August 15, 2022, as amended, governing the
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
Sean Peasgood
Investor Relations
sean@sophiccapital.com
647.953.5607
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the TSX Venture Exchange policies) accept 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/279323
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