Tactical Resources (TREO) director discloses shares and 10% debenture
Rhea-AI Filing Summary
Tactical Resources Corp. (TREO) reported the initial holdings of director Basi Kuljit Singh. He holds 219,168 Common Shares directly and 224,925 Common Shares indirectly through SVK Metrix Inc., which he wholly owns and controls. He also indirectly holds a Convertible Debenture bearing 10% annual interest and maturing on January 21, 2027, convertible into Units at C$0.80 per Unit, each Unit consisting of one Common Share and one share purchase warrant. Warrants associated with this debenture are shown for 5,567 underlying Common Shares at an exercise price of C$0.80 per share. All reported amounts reflect a 1-for-4 reverse stock split of outstanding common stock effective on 08/20/2026.
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Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Basi Kuljit Singh
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 | -- | -- | -- |
Holdings After Transaction:
Convertible Debenture — 0 shares (Indirect, By SVK Metrix Inc.);
Warrants (via Convertible Debenture) — 5,567 shares (Indirect, By SVK Metrix Inc.);
Common Shares — 219,168 shares (Direct);
Common Shares — 224,925 shares (Indirect, By SVK Metrix Inc.)
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 SVK Metrix, Inc., which is wholly-owned and controlled by the Reporting Person.
- 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
Direct Common Shares held: 219,168 Common Shares
Indirect Common Shares held: 224,925 Common Shares
Warrants underlying shares: 5,567 Common Shares
+5 more
8 metrics
Direct Common Shares held
219,168 Common Shares
Total Common Shares held directly following the reported holdings snapshot
Indirect Common Shares held
224,925 Common Shares
Common Shares held indirectly through SVK Metrix Inc.
Warrants underlying shares
5,567 Common Shares
Underlying Common Shares for warrants held via the Convertible Debenture
Convertible Debenture interest rate
10% per annum
Interest rate on the Convertible Debenture held indirectly
Convertible Debenture maturity
January 21, 2027
Maturity date of the Convertible Debenture
Unit conversion price
C$0.80 per Unit
Price at which the Convertible Debenture is convertible into Units
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 stock split of outstanding common stock effective 08/20/2026
Key Terms
Convertible Debenture, reverse stock split, Unit, share purchase warrant
4 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.
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.
FAQ
What equity stake does Basi Kuljit Singh report in Tactical Resources Corp. (TREO)?
He reports 219,168 Common Shares held directly and 224,925 Common Shares held indirectly through SVK Metrix Inc., which he wholly owns and controls. These figures reflect a 1-for-4 reverse stock split effective on 08/20/2026.
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 share purchase warrant.
How did the reverse stock split affect the reported TREO holdings?
All reported holdings reflect a 1-for-4 reverse stock split of Tactical Resources Corp.’s outstanding common stock that was effected on 08/20/2026, meaning prior share amounts were proportionally reduced by this ratio.
Are the indirect TREO holdings personally controlled by Basi Kuljit Singh?
Yes. The indirect holdings are held by SVK Metrix Inc., which is described as wholly owned and controlled by Basi Kuljit Singh, so these securities are associated with him through that entity.
AI-generated analysis. How Rhea-AI works. Not financial advice.
