Cboe Canada Inc. has granted final approval for the supplemental listing of $20,632,000 principal amount of 12 per cent convertible debentures of Denarius Metals Corp.

The Denarius debentures will be listed and available for trading on Cboe Canada under the symbol DSLV.DB at the start of trading on Monday, March 4, 2024.

Additional information about the debentures may be found in the trust indenture and first supplemental indenture dated Oct. 19, 2023, and Oct. 31, 2023, respectively, available on SEDAR+.

Security and trading information

Security name:  Denarius Metals 12 per cent convertible debenture

Symbol:  DSLV.DB

Security type:  debenture

Cusip No.:  248233 AA 6

ISIN:  CA 248233 AA 6 1

Listing date:  March 4, 2024

Trading currency:  Canadian dollar

Trading rules:  The debentures, which are issuable in the minimum principal amount of $1 each, will be quoted based on $100 principal amounts with all trades being made in multiples of $1,000. The minimum trading unit of debentures is $1,000 and a board lot of debentures is $1,000.

Maturity date:  Oct. 19, 2028

Interest rate:  12 per cent per annum (Interest will be computed on the basis of a 365-day year or 366-day year, as applicable, and the actual number of elapsed days in that period. Commencing on Jan. 31, 2025, the company will pay a gold premium on the principal amount of the debentures in cash quarterly. The gold premium will be calculated as a percentage equal to 25 per cent of: (i) the amount, if any, by which the London PM Fix on the quarterly measurement date exceeds $1,800 (U.S.) (the floor price); divided by (ii) the floor price.)

Initial interest payment date:  Nov. 30, 2023

Interest payment dates:  payable in equal monthly instalments (except for the first interest payment date) on the last day of each month and on the maturity date

Initial interest payment amount:  The first interest payment date was Nov. 30, 2023, and included interest accrued from the date of issuance of the debentures but excluded Nov. 30, 2023, which was equal to 1.427 cents for each $1 principal amount of debentures.

Conversion:  The debentures are convertible at the option of the holder, at any time prior to 5 p.m. Toronto time on the last business day immediately preceding the maturity date, at a conversion price of 45 cents per common share.

Designated market-maker:  RBC Dominion Securities

Transfer agent and registrar:  TSX Trust Company