Tactical Resources director reports stake and 10% note
Tactical Resources Corp. (TREO) director Mukhija Manavdeep Singh filed an initial ownership report showing existing positions in the company.
Rhea-AI Filing Summary
Tactical Resources Corp. (TREO) director Mukhija Manavdeep Singh filed an initial ownership report showing existing positions in the company. He holds 35,631 Common Shares directly, a Convertible Debenture bearing 10% annual interest and maturing on January 21, 2027, and warrants associated with that debenture exercisable for 11,135 Common Shares. The debenture is convertible into units at a price of C$0.80 per unit, with each unit consisting of one common share and one share purchase warrant, and each warrant exercisable at C$0.80. The reported figures reflect a 1-for-4 reverse stock split of Tactical Resources Corp.’s common stock effected on August 20, 2026.
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Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Mukhija Manavdeep Singh
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Convertible Debenture F2, F1 | -- | -- | -- |
| holding | Warrants (via Convertible Debenture) F2, F1, F3, F4 | -- | -- | -- |
| holding | Common Shares F1 | -- | -- | -- |
Holdings After Transaction:
Convertible Debenture — 0 contracts (Direct);
Warrants (via Convertible Debenture) — 11,135 contracts (Direct);
Common Shares — 35,631 shares (Direct)
Footnotes (4)
- F1. Reflects the 1-for-4 reverse stock split of the Issuer's outstanding common stock effected on 08/20/2026.
- F2. 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.
- F3. Each warrant becomes exercisable on the date on which the Convertible Debenture is converted into Units of the Issuer.
- F4. Each warrant expires three years following the date of conversion of the Convertible Debenture.
Key Figures
Common Shares held: 35,631 shares
Warrants underlying Common Shares: 11,135 shares
Convertible Debenture interest rate: 10% per annum
+4 more
7 metrics
Common Shares held
35,631 shares
Direct ownership reported by Mukhija Manavdeep Singh
Warrants underlying Common Shares
11,135 shares
Common Shares issuable upon exercise of warrants via Convertible Debenture
Convertible Debenture interest rate
10% per annum
Interest on Convertible Debenture held by the reporting person
Convertible Debenture maturity date
January 21, 2027
Maturity of the Convertible Debenture
Conversion price per Unit
C$0.80
Price at which the Convertible Debenture converts into Units
Warrant exercise price
C$0.80
Exercise price per Common Share under each share purchase warrant
Reverse stock split ratio
1-for-4
Reverse stock split of Tactical Resources Corp. common stock on August 20, 2026
Key Terms
Convertible Debenture, reverse stock split, share purchase warrant, Units
4 terms
Convertible Debenture financial
"The convertible debenture matures on January 21, 2027, bears interest at 10%"
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.
Units financial
"convertible into units of the Issuer (each, a "Unit") at any time"
Units are bundled securities sold as one package in a financing—commonly a share paired with an instrument that gives the holder the right to buy more shares later. For investors this matters because a unit’s extra component can change future supply of shares and potential returns, similar to buying a combo with a coupon that can be redeemed later and alter what you actually receive and what others might own.
FAQ
What are the key terms of the Convertible Debenture disclosed 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 containing one common share and one share purchase warrant.
AI-generated analysis. How Rhea-AI works. Not financial advice.
