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To: Goose94 who wrote (122325)3/21/2022 9:25:10 PM
From: Goose94Respond to of 203330
 
Tisdale Resources (TRC-V) Completes Convertible Debenture Offering

Mar 15, '22 - NR

Tisdale Resources Corp. has closed its non-brokered private placement of convertible debentures for gross proceeds of $1-million.

All debentures issued in connection with the offering mature on March 14, 2025, and bear interest at a rate of 12 per cent per annum payable on maturity. Each debenture is convertible into units of the company, at the option of the holder, at a rate of one conversion unit for every 25 cents of outstanding indebtedness. Each conversion unit consists of one common share of the company and one common share purchase warrant exercisable at a price of 25 cents until March 14, 2025.

The proceeds of the offering will be utilized by the company for general working capital purposes.

No finders' fees were paid in connection with completion of the offering. All securities issued in connection with the offering are subject to a statutory hold period expiring on July 15, 2022, in accordance with applicable securities laws.

For further information, contact Alex Klenman at info@tisdaleresources.com.
On behalf of the Board,
Tisdale Resources Corp.
Alex Klenman, Chief Executive Officer