Kings Chapel Converts $2 Million Loan into CoTec Shares

CoTec Holdings Corp. has announced that Kings Chapel International has converted $2 million of its convertible loan into 2,666,667 CoTec common shares. The conversion was done at a price of CAD$0.75 per share as per the convertible loan agreement in place since November 2024. Following this transaction, CoTec's remaining outstanding principal obligation under the agreement stands at $4,351,387.

CoTec Holdings Corp., traded on the TSX Venture Stock Exchange and the OTCQB, focuses on innovative and sustainable practices in the resource extraction sector. By leveraging disruptive technologies, the company aims to revolutionize the mineral and metals industry while promoting environmental sustainability and low-carbon methods.