{
  "id": 6345326,
  "title": "Troubadour Resources announces private placements up to $950,000",
  "url": "https://urgent.news/2026/09/08/troubadour-resources-announces-private-placements-up-to-950-000",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-08T22:40:36.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/company-news/troubadour-resources-announces-private-placements-up-to-950000-93CH-4892581"
  },
  "original_language": "en",
  "account": "VANCOUVER - Troubadour Resources Inc. (TSXV:TR)(OTC PINK:TROUF) recently announced two private placements, each with a combined maximum gross proceeds of $950,000, as stated in a press release. The financing is divided into a unit offering up to $500,000 and an unsecured convertible debenture offering up to $450,000. The offerings can be completed in separate tranches and are not dependent on each other's completion.\n\nFor the unit offering, Troubadour Resources plans to issue a maximum of 5,555,555 units at $0.09 per unit. Each unit includes one common share and one warrant, allowing the holder to acquire one extra common share at $0.12 within 36 months from the date of issuance. No buyer can purchase more than 1,254,984 units, and warrants are limited to 9.9% ownership.\n\nThe debenture offering involves up to $529,412 in aggregate principal amount of unsecured convertible debentures with a 15% original issue discount. Subscribers must pay $850 for each $1,000 principal amount, with a minimum subscription of $25,000 per holder. These debentures will mature three years from the first issuance date and accrue interest at 20% per annum, compounded monthly and paid quarterly in arrears. The interest rate increases to 24% during a default event.\n\nThe debentures can be converted at the holder's discretion at $0.12 per debenture unit, which includes one common share and one warrant exercisable at $0.14 per share for five years. The debentures are not prepayable before the second anniversary without the holder's consent, after which they can be repaid on 30 days' notice at 110% of the principal plus accrued interest and a make-whole amount. Net proceeds from the sale will be used for general working capital and corporate purposes. Company insiders may also subscribe to the unit offering, including through debt settlement.\n\nThese private placements are pending TSX Venture Exchange approval, and all securities will be subject to a four-month-and-one-day statutory hold period.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}