Denarius Metals Secures Consent to Amend $33.5M Debentures for Share-Based Interest Payments

Denarius Metals Corp. has secured overwhelming consent from holders of its 2023 and 2024 convertible unsecured debentures to amend the terms of these debentures, with approvals exceeding 93% and 97% respectively. The amendments allow the company to settle monthly interest payments and Gold Premium Payments with common shares instead of cash from June 30, 2025, to May 31, 2026, helping to optimize cash flow. Additionally, a cap of US$4,000 per ounce has been set for the gold price used in calculating Gold Premium Payments. In recognition of the support, consenting debenture holders will receive a 2% fee in additional debentures, including allocations to company executives. These changes are pending final approval from Cboe Canada and are expected to take effect on June 18, 2025. Denarius Metals operates in precious metals and polymetallic mining projects in Colombia and Spain, and this financial restructuring aims to strengthen its position amid current challenges reflected in its stock performance.