Global Uranium Corp. Announces Conversion of Convertible Debentures

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Postmedia has not reviewed the content. by GlobeNewswire Global Uranium Corp. Announces Conversion of Convertible DebenturesAuthor of the article:CALGARY, Alberta, Aug. 21, 2026 (GLOBE NEWSWIRE) — Global Uranium Corp. (CSE: GURN | OTC: GURFD | FRA: Q3J0) (the “Company“) is pleased to announce that the holders of the Company’s outstanding unsecured convertible debentures (the “Debentures”) have elected to convert an aggregate of $670,100 of principal, together with accrued interest, into units of the Company (the “Units”) in accordance with the terms of the Debentures.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountThe Debentures were issued on July 17, 2026, bear interest at a rate of 10% per annum, and are convertible at a price equal to the five-day volume weighted average price (“VWAP”) of the Company’s common shares at the time of conversion.Based on the five trading days through August 20, 2026, the conversion price is $0.26571 per Unit.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againAs of August 21, 2026, approximately $6,425.62 of interest is being converted together with $670,100 of principal, resulting in an aggregate conversion amount of approximately $676,525.62.Based on the conversion price, and after rounding down fractional Units in accordance with the terms of the Debentures, the Company will issue an aggregate of 2,546,120 Units.Each Unit consists of one common share of the Company and one common share purchase warrant (a “Warrant”). Following the Company’s recently completed consolidation of its common shares on the basis of one post-consolidation common share for every ten pre-consolidation common shares, the exercise price of the Warrants issuable upon conversion has been proportionately adjusted from $0.065 to $0.65 per post-consolidation common share. Each Warrant will be exercisable to acquire one common share at a price of $0.65 per share for a period of 24 months from the date of issuance.The issuance of the Units pursuant to the conversion remains subject to the acceptance of the Canadian Securities Exchange.About Global Uranium Corp.Global Uranium Corp. is focused on the exploration and development of uranium assets primarily in North America. The Company’s portfolio includes the Astro Project in the eastern Athabasca Basin of Saskatchewan, the Airline Project in Wyoming, and additional uranium exploration projects in Wyoming and Saskatchewan.On Behalf of the Board of DirectorsUngad ChaddaCEO and DirectorForward-Looking InformationThis news release contains forward-looking information within the meaning of applicable Canadian securities legislation. Forward-looking information in this news release includes statements regarding the conversion of the Debentures, the issuance of the Units, common shares and Warrants, and the acceptance of the Canadian Securities Exchange. Forward-looking information is based on assumptions considered reasonable by management as of the date hereof and is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated. Readers are cautioned not to place undue reliance on forward-looking information. The Company undertakes no obligation to update forward-looking information except as required by applicable securities laws.The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. 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