CALGARY, Alberta, Jan. 16, 2026 (GLOBE NEWSWIRE) -- Traction Uranium Corp. (CSE:TRAC) (OTC:TRCTF) (FRA: Z1K) (the "Company" or "Traction") is pleased to announce that it has closed its previously announced non-brokered private placement of unsecured convertible debentures of the Company (the "Convertible Debentures") for aggregate gross proceeds to the Company of C$500,000 (the "Offering").
The Convertible Debentures are denominated in principal amounts of C$1,000 and will mature 12 months from the date of issuance (the "Maturity Date"). The Convertible Debentures will bear interest at a rate of 10% per annum, calculated quarterly in arrears and payable on the Maturity Date.
The principal amount of each Convertible Debenture, plus any accrued interest thereon, is convertible into units of the Company ("Units") at the election of the holder on, or at any time prior to, the Maturity Date at a conversion price equal to the most recent closing price of the common shares of the Company ("Common Shares") on the Canadian Securities Exchange prior to the time at which the holder delivers notice of conversion to the Company (the "Market Price"). Each Unit shall be comprised of one Common Share and one Common Share purchase warrant (each, a "Warrant"), with each Warrant entitling the holder to acquire one Common Share at an exercise price equal to 110% of the Market Price for a period of 24 months from the date of issuance.
The Company ...
