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Kings Chapel Converts $2 Milllion of Convertible Loan
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Kings Chapel Converts $2 Milllion of Convertible Loan
VANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / August 5, 2025 / CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) ("CoTec" or the "Corporation") is pleased to announce that Kings Chapel International ("Kings Chapel") has converted $2 million of the aggregate outstanding principal amount of its convertible loan to CoTec into 2,666,667 CoTec common shares based on a conversion price of CAD$0.75 per share. The conversion was completed pursuant to the terms of the amended and restated convertible loan agreement between CoTec and Kings Chapel dated November 19, 2024 ("Convertible Loan Agreement"). After giving effect to the conversion, the remaining outstanding principal amount owing by CoTec under the Convertible Loan Agreement is $4,351,387.
About CoTec
CoTec is a publicly traded investment issuer listed on the Toronto Venture Stock Exchange ("TSX-V") and the OTCQB and trades under the symbols CTH and CTHCF respectively. CoTec Holdings Corp. is a forward-thinking resource extraction company committed to revolutionizing the global metals and minerals industry through innovative, environmentally sustainable technologies and strategic asset acquisitions. With a mission to drive the sector toward a low-carbon future, CoTec employs a dual approach: investing in disruptive mineral extraction technologies that enhance efficiency and sustainability while applying these technologies to undervalued mining assets to unlock their full potential. By focusing on recycling, waste mining, and scalable solutions, the Company accelerates the production of critical minerals, shortens development timelines, and reduces environmental impact. CoTec's strategic model delivers low capital requirements, rapid revenue generation, and high barriers to entry, positioning it as a leading mid-tier disruptor in the commodities sector.
Please visit www.cotec.ca.
For further information, please contact:
Braam Jonker - (604) 992-5600
Forward-Looking Information Cautionary Statement
Statements in this press release regarding the Corporation's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties, including statements relating to management's expectations with respect to the adoption of new technologies across the mineral extraction industry and the benefits to the Corporation which may be implied from such statements. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
SOURCE: CoTec Holdings Corp.
View the original press release on ACCESS Newswire
(A.Thompson--TAG)
