Gunnison Copper settles convertible debentures in cash, avoids issuing 29 million shares
- Gunnison Copper completed a cash settlement of outstanding convertible debentures held by Greenstone, eliminating the convertible debt.
- The settlement prevented issuance of 28,900,000 common shares that would have been issued on conversion.
- Effective conversion price was about US$0.14 per share, a 54.4% discount to the recent equity financing price of about US$0.3.
- Estimated dilution avoided was valued at about US$4.66 million, or roughly US$0.01 per outstanding common share.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Gunnison Copper Corp. published the original content used to generate this news brief via Newsfile (Ref. ID: 202607070600NEWSFILECNPR____20260707_304182_1) on July 07, 2026, and is solely responsible for the information contained therein.
