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.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Convertible Debenture F2, F1 | -- | -- | -- |
| holding | Warrants (via Convertible Debenture) F2, F1, F3, F4 | -- | -- | -- |
| holding | Common Shares F1 | -- | -- | -- |
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
Key Terms
Convertible Debenture financial
reverse stock split financial
Units financial
FAQ
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What are the key terms of the Convertible Debenture disclosed for TREO?
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