CoTec Holdings Corp. Completes $4 Million Convertible Loan Drawdown

On June 8, 2026, CoTec Holdings Corp. announced the successful drawdown of its amended and restated convertible loans totaling $4 million. This funding was provided by Kings Chapel International Limited and funds managed by Epic Capital Management Inc. Previously disclosed terms outlined loans of $3 million from Kings Chapel and $1 million from Epic Capital. The company plans to utilize these funds for general working capital needs.

CoTec intends to convert the principal into 3,007,518 common shares, subject to TSXV clearance. Kings Chapel will receive 2,255,639 shares, while Epic Capital will obtain 751,879 shares. Additionally, CoTec has issued 1,503,758 warrants to both lenders, allowing them to purchase shares at $1.33 per share within a year.

Notably, Kings Chapel is identified as an insider. The transactions, considered related-party under MI 61-101, are exempt from formal valuation and minority approval requirements. All securities are subject to a four-month statutory hold period, pending TSXV approvals.