Plurilock Announces Payment of Debenture Interest

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

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 10% unsecured convertible debentures in the principal amount of $275,000 previously issued on September 20, 2022 (the "September Debentures"), and the indenture between the Company and Odyssey Trust Company dated October 30, 2025 governing the 10% unsecured convertible debentures in the principal amount of $3,000,000 previously issued on October 30, 2025 (the "November Debentures" and with the September Debentures, the "Debentures"), the Company issued 312,188 common shares of the Company (the "Shares") at a price of $0.2042 per Share in satisfaction of an aggregate of $63,750 in interest payments on the outstanding Debentures.

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

FAQ

What did Plurilock (PLCKF) announce on January 1, 2026 about debenture interest?

Plurilock issued 312,188 common shares at $0.2042 per share to satisfy $63,750 of interest on its debentures.

Which debentures were affected by Plurilock's interest payment for PLCKF?

Interest related to the $275,000 September 20, 2022 debentures and the $3,000,000 October 30, 2025 debentures was satisfied by the share issuance.

How many shares did Plurilock issue to cover debenture interest and at what price (PLCKF)?

Plurilock issued 312,188 shares at $0.2042 per share.

How much interest was paid via share issuance by Plurilock (PLCKF)?

An aggregate of $63,750 in interest payments was satisfied by issuing shares.

Did Plurilock pay debenture interest in cash or shares for the January 1, 2026 notice (PLCKF)?

The company paid the interest by issuing shares rather than making cash payments.