NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISTRIBUTION IN THE UNITED STATES
Traction Uranium Corp. (CSE: TRAC) (OTC: TRCTF) (FRA: Z1K) (the “Company” or “Traction”) is pleased to announce that it intends to complete a non-brokered private placement of unsecured convertible notes of the Company (the “Convertible Notes”) in an aggregate amount of C$500,000 (the “Offering”).
The Convertible Notes will be sold for a principal amount of C$1,000 and will mature 12 months from the date of issuance (the “Expiration date“). The Convertible Bonds will bear interest at the rate of 10% per annum, calculated quarterly in arrears and payable on the Maturity Date (as defined below).
The principal amount of each Convertible Bond, plus any accrued interest thereon, will be convertible into units of the Company (“Units“) at the option of the holder on or at any time before the Expiration Date at a conversion price equal to the most recent closing price of the Company’s common stock (“Common shares“) on the Canadian Securities Exchange prior to the time the registrant delivers a notice of conversion to the Company (the “Market“). Each Unit will consist of one common share and one common share purchase warrant (each a “Deposit“), whereby each Warrant entitles 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 intends to use the net proceeds from the Offering for general and administrative expenses and general working capital purposes. The Offering is expected to close on or about January 16, 2026.
All securities issued in the context of the Offering are subject to a statutory hold period of four months and one day. The closing of the Offering is subject to the Company’s receipt of all necessary regulatory approvals, including approval from the Canadian Securities Exchange.
This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “US securities law“) or any state securities laws and may not be offered or sold within the United States or to US Persons unless registered under the US Securities Act and applicable state securities laws or an exemption from such registration is available.
About Traction Uranium Corp.
Traction Uranium Corp. (CSE: TRAC) (OTC: TRCTF) (FRA: Z1K) is engaged in mineral exploration and development of discovery opportunities in Canada, including its uranium project in the world-renowned Athabasca region.
We invite you to learn more about our exploration phase activities in Canada’s Western Region at https://tractionuranium.com/.
On behalf of the Board of Directors
Paul Sparks
Director
(604) 425-2271
info@tractionuranium.com
Forward-Looking Statements
Certain statements in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of the words “could,” “intend,” “expect,” “believe,” “will,” “projected,” “estimated” and similar expressions and statements regarding matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current beliefs or assumptions about the outcome and timing of such future events.
In particular, this press release contains forward-looking information relating to, among other things, the Offering, including the expected total proceeds, the expected use of proceeds and the closing (including the proposed closing date) of the Offering. When drawing conclusions or making predictions or projections in forward-looking information, various assumptions or factors are generally applied, including the assumption that the Company will close the Offering on the expected timeline, raise the expected amount of gross proceeds from the Offering and use the proceeds from the Offering as expected. These assumptions and factors are based on information currently available to the Company. Although such statements are based on reasonable assumptions of the Company’s management, there can be no assurance that any conclusions or predictions will prove to be accurate.
Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include: the risk that the Offering does not close on the expected timeline or at all; the risk that the Company may raise less than the expected amount of gross proceeds from the Offering; the risk that the Company may not use the proceeds from the Offering as currently expected; risks inherent in the exploration and development of mineral deposits, including risks relating to changes in project parameters as plans are continually redefined and the risk that exploration and development activities will cost more than the amount budgeted by the Company for such activities; access and supply risks; operational risks; regulatory risks, including risks related to the acquisition of necessary licenses and permits; and financing, capitalization and liquidity risks. The forward-looking information contained in this press release is made as of the date hereof and the Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify all forward-looking information contained herein.
The CSE has neither approved nor disapproved the information contained in this document.
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