Troubadour Resources Announces Private Placement and Convertible Debenture Financing

Troubadour Resources Inc., a mineral acquisition company based in Vancouver, announces non-brokered private placements to raise up to $950,000. The financing includes a unit offering for $500,000 and an unsecured convertible debenture offering for $450,000. Each unit, priced at $0.09, includes one common share and a warrant exercisable at $0.12 for three years. The debentures, discounted by 15%, carry a 20% annual interest and are convertible into shares at $0.12 per unit. Proceeds will support working capital and corporate purposes. Both offerings await TSX Venture Exchange approval.