Tactical Resources director lists shares, 10% debenture
Tactical Resources Corp. (TREO) reported the initial holdings of director Matthew Alan Chatterton.
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Form Type
3
Rhea-AI Filing Summary
Tactical Resources Corp. (TREO) reported the initial holdings of director Matthew Alan Chatterton. He holds 1,113 Common Shares directly and additional Common Shares indirectly through Number Eight Management Ltd. and his spouse. Indirect positions also include a convertible debenture and warrants linked to 11,135 underlying Common Shares. The convertible debenture bears 10% interest per annum, matures on January 21, 2027, and is convertible into Units at a conversion price of C$0.80 per Unit, each Unit consisting of one Common Share and one warrant exercisable at C$0.80. Reported share amounts reflect a 1-for-4 reverse stock split effective August 20, 2026.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Chatterton Matthew Alan
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Convertible Debenture F3, F1 | -- | -- | -- |
| holding | Warrants (via Convertible Debenture) F3, F1, F4, F5 | -- | -- | -- |
| holding | Common Shares F1 | -- | -- | -- |
| holding | Common Shares F1, F2 | -- | -- | -- |
| holding | Common Shares F1 | -- | -- | -- |
Holdings After Transaction:
Convertible Debenture — 0 contracts (Indirect, By Spouse);
Warrants (via Convertible Debenture) — 11,135 contracts (Indirect, By Spouse);
Common Shares — 1,113 shares (Direct);
Common Shares — 55,674 shares (Indirect, By Number Eight Management Ltd.);
Common Shares — 4,085 shares (Indirect, By Spouse)
Footnotes (5)
- F1. Reflects the 1-for-4 reverse stock split of the Issuer's outstanding common stock effected on 08/20/2026.
- F2. These securities are held by Number Eight Management Ltd., which the Reporting Person has voting and dispositive control over.
- F3. The convertible debenture matures on January 21, 2027, bears interest at 10% per annum, and is convertible into units of the Issuer (each, a "Unit") at any time before maturity at a conversion price of C$0.80. Each Unit consists of one common share of the Issuer (each, a "Common Share") and one share purchase warrant, with each warrant exercisable for one Common Share at an exercise price of C$0.80.
- F4. Each warrant becomes exercisable on the date on which the Convertible Debenture is converted into Units of the Issuer.
- F5. Each warrant expires three years following the date of conversion of the Convertible Debenture.
Key Figures
Common Shares - direct holding: 1,113 shares
Common Shares - indirect via Number Eight Management Ltd.: 55,674 shares
Common Shares - indirect via spouse: 4,085 shares
+5 more
8 metrics
Common Shares - direct holding
1,113 shares
Held directly by Matthew Alan Chatterton as of 2026-08-13
Common Shares - indirect via Number Eight Management Ltd.
55,674 shares
Indirect ownership with voting and dispositive control as of 2026-08-13
Common Shares - indirect via spouse
4,085 shares
Indirect ownership through spouse as of 2026-08-13
Underlying Common Shares from warrants
11,135 shares
Underlying shares for warrants held indirectly through spouse
Convertible debenture interest rate
10% per annum
Interest on convertible debenture maturing January 21, 2027
Conversion price per Unit
C$0.80 per Unit
Price at which debenture converts into Units of the issuer
Warrant exercise price
C$0.80 per Common Share
Exercise price for each warrant included in a Unit
Reverse stock split ratio
1-for-4
Reverse split of outstanding Common Shares effective August 20, 2026
Key Terms
Convertible Debenture, reverse stock split, dispositive control, Unit, +1 more
5 terms
Convertible Debenture financial
"The convertible debenture matures on January 21, 2027, bears interest at 10% per annum"
A convertible debenture is a long-term loan a company issues that pays interest like a bond but can be turned into a set number of the company’s shares under pre-agreed terms. For investors it matters because it mixes safety and upside: you get regular interest and higher repayment priority like a lender, yet you also hold an option to become a shareholder if the stock rises, which can dilute existing owners and change risk and return profiles.
reverse stock split financial
"Reflects the 1-for-4 reverse stock split of the Issuer's outstanding common stock"
A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.
dispositive control financial
"securities are held by Number Eight Management Ltd., which the Reporting Person has voting and dispositive control"
Unit financial
"convertible into units of the Issuer (each, a "Unit") at any time before maturity"
A unit is a single, indivisible investment instrument sold and traded as one package, often made up of two or more pieces such as a share combined with a warrant or a debt piece. Thinking of it like a combo meal at a restaurant helps: you buy one item that includes separate parts, and each part affects what you own, how you can sell it, and the potential future value or dilution for investors.
warrant financial
"Each Unit consists of one common share of the Issuer and one share purchase warrant"
A warrant is a time-limited financial contract that gives its holder the right to buy a company's shares at a set price before a specified date, like a coupon that lets you purchase stock at a fixed discount for a limited time. It matters to investors because warrants offer leveraged exposure to a stock’s upside and can dilute existing shareholders if exercised, so they affect potential gains and the company’s outstanding share count.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does Tactical Resources Corp. (TREO) disclose in this Form 3?
The filing discloses director Matthew Alan Chatterton’s initial beneficial ownership in Tactical Resources Corp., including direct Common Shares, indirect Common Shares held through Number Eight Management Ltd. and his spouse, and a convertible debenture with associated warrants on Common Shares.
What are the key terms of the convertible debenture reported for TREO?
The convertible debenture matures on January 21, 2027, bears interest at 10% per annum, and is convertible into Units at a conversion price of C$0.80 per Unit. Each Unit includes one Common Share and one warrant, each warrant exercisable at C$0.80 for one Common Share.
How did the reverse stock split affect the holdings reported for TREO?
The filing states that the reported figures reflect a 1-for-4 reverse stock split of Tactical Resources Corp.’s outstanding Common Shares that was effected on August 20, 2026, meaning all share amounts in the disclosure are adjusted for this reverse split.
AI-generated analysis. How Rhea-AI works. Not financial advice.
