Troubadour Announces Correction to Warrant Exercise Price
Rhea-AI Summary
Troubadour Resources (TSXV:TR / OTC:TROUF) corrected warrant exercise terms for its announced private placements dated February 18, 2026. Each Warrant and FT Warrant will permit purchase of one common share at an exercise price of $0.05 per share for 24 months from issuance. All other offering terms are unchanged and closings remain subject to regulatory approvals, including TSX Venture Exchange acceptance. The Private Placement is up to 150,000,000 units at $0.02 per unit and the FT Private Placement is up to 24,000,000 flow-through units at $0.025 per unit. Securities will not be registered under the U.S. Securities Act and cannot be offered to U.S. persons absent exemption.
Positive
- Private Placement size up to 150,000,000 units at $0.02
- Flow-through offering up to 24,000,000 units at $0.025
- Warrant exercise price clarified at $0.05 for 24 months
Negative
- Potential dilution if both offerings fully subscribed and warrants exercised
- Regulatory dependency closing subject to TSX Venture Exchange acceptance
News Market Reaction
On the day this news was published, TROUF declined 0.55%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
VANCOUVER, BC / ACCESS Newswire / February 18, 2026 / Troubadour Resources Inc. ("TR", "Troubadour" or, the "Company") (TSXV:TR)(OTC:TROUF)(FSE:2QD0, WKN:A3DBDE) wishes to clarify and correct certain disclosure contained in an earlier news release dated February 18, 2026 announcing a non-brokered private placement offering of up to 150,000,000 units at a price of
The Company confirms that each common share purchase warrant (each, a "Warrant") issued in connection with the Private Placement and each common share purchase warrant (each, a "FT Warrant") issued in connection with the FT Private Placement will entitle the holder thereof to purchase one additional common share of the Company at an exercise price of
All other terms of the Offerings remain unchanged.
Closing of the Offerings remains subject to receipt of all required regulatory approvals, including acceptance of the TSX Venture Exchange.
The securities issued under the Offering have not been, and will not be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to U.S. persons absent registration or an applicable exemption. This news release does not constitute an offer to sell or a solicitation of an offer to buy securities in any jurisdiction where such offer or sale would be unlawful.
About Troubadour Resources Inc.
Troubadour Resources Inc. is a North American mineral acquisition and exploration company focused on the development of quality critical mineral and precious metal properties that are drill-ready with high-upside and expansion potential. Based in Vancouver, BC, Troubadour trades on the TSX Venture Exchange under the symbol TR, the OTC Markets under the symbol TROUF, and on the Frankfurt, Berlin and Tradegate Stock Exchanges under the symbol 2QD0/WKN: A3DBDE.
TROUBADOUR RESOURCES INC.
Zachary Kotowych, CEO and Director
For more information, please email Zachary Kotowych at zkotowych@gmail.com or call (437) 855 - 4540
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking statements:
This news release may include "forward-looking information" under applicable Canadian securities legislation. Such forward-looking information reflects management's current beliefs and are based on a number of estimates and/or assumptions made by and information currently available to the Company that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors that may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Readers are cautioned that such forward-looking information are neither promises nor guarantees and are subject to known and unknown risks and uncertainties including, but not limited to, general business, economic, competitive, political and social uncertainties, uncertain and volatile equity and capital markets, lack of available capital, actual results of exploration activities, environmental risks, future prices of base and other metals, operating risks, accidents, labour issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry.
The Company is presently an exploration stage company. Exploration is highly speculative in nature, involves many risks, requires substantial expenditures, and may not result in the discovery of mineral deposits that can be mined profitably. Furthermore, the Company currently has no reserves on any of its properties. As a result, there can be no assurance that such forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements.
SOURCE: Troubadour Resources Inc.
View the original press release on ACCESS Newswire
FAQ
What did Troubadour (TROUF) correct about the warrant exercise price on February 19, 2026?
How large are Troubadour's private placements (TSXV:TR) announced February 18, 2026?
What are the warrant terms for Troubadour (TROUF) investors including exercise period?
Will Troubadour's securities be offered to U.S. persons under the February 2026 offering?
What condition remains for closing Troubadour's (TSXV:TR) February 2026 offerings?
