Gamma Resources Announces Debt Settlement and Insider Warrant Exercises
Gamma Resources Announces Debt Settlement and Insider Warrant Exercises
Vancouver, British Columbia, March 19, 2026 – Gamma Resources Ltd. (TSX -V: GAMA;
OTCQB: GAMXF; FRA: MRDN) (“Gamma” or the “ Company”) is pleased to announce that it
has entered into a definitive debt settlement agreement (the “ Agreement”) with certain
noteholders, including Mercer Street Global Opportunity Fund LLC and Cavalry Fund I LP
(collectively, the “Holders”), to fully settle outstanding convertible promissory notes.
Pursuant to the Agreement, Gamma will settle the remaining balance of its outstanding debt
through a combination of cash and equity, significantly strengthening the Company’s balance
sheet and simplifying its capital structure.
Under the terms of the Agreement:
• The Company will issue 1,831,500 common shares and 1,831,500 warrants (each
exercisable at C$0.15 for a period of 36 months) to the Holders as part of the settlement.
• The Company will make a cash payment of C$623,926.34, payable within 30 days
following TSX Venture Exchange approval.
• A total of 5,500,000 existing warrants will be exercised at C$0.15 per warrant, resulting in
aggregate gross proceeds of C$825,000 to the Company, including 3,000,000 warrants
to be exercised by management and the balance by the Holders , further aligning
management with shareholders and demonstrating continued confidence in Gamma’s
strategy and outlook.
The shares-for-debt transaction remains subject to approval of the TSX Venture Exchange.
Importantly, the Agreement includes provisions to ensure that the Holders’ ownership does not
exceed 9.99% of the Company’s outstanding shares.
Gabriel Alonso -Mendoza, Chief Executive Officer of Gamma, commented,
“This agreement represents a meaningful step forward for Gamma. By resolving our legacy debt
obligations and strengthening our capital structure, we are better positioned to focus on advancing
our U.S. uranium projects and executing on our growth strategy. The participation of both our
noteholders and insiders through warrant exercises reflects strong alignment and confidence in
the Company’s future.”
The completion of this debt settlement marks a significant milestone for Gamma, reducing
financial overhang while bringing in additional capital through warrant exercises.
About Gamma Resources Ltd.
Gamma Resources Ltd. is a U.S. -focused uranium exploration and development company
advancing high-quality assets in the Mountain West region. The Company’s portfolio includes the
Green River Project in Utah, comprising 1,100 acres near prominent regional producers, and the
Mesa Arc Project in New Mexico, a strategic land position now totaling 4,520 acres that includes
historic uranium resources in the Chama Basin. Management believes the Company is uniquely
positioned to benefit from the unprecedented policy and market tailw inds reshaping the U.S.
nuclear landscape, and help meet this demand with responsibly sourced, U.S. -based uranium
supply.
Gamma trades on the Toronto Venture Exchange (TSX-V: GAMA), OTC (OTCQB: GAMXF) and
Frankfurt (FRA: MRDN).
For Further Information
Mr. Gabriel Alonso-Mendoza, President and CEO
Email: [email protected]
Tel: (833) 854-6826
www.gammaresourcesltd.com
Forward-looking Statements
Neither the 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 release. Statements made in this news release, other tha n purely historical information,
including statements relating to the Company’s future plans and objectives or expected results,
may include forward -looking statements. forward -looking statements are based on numerous
assumptions and are subject to all of the risks and uncertainties inherent in resource exploration
and development. As a result, actual results may vary materially from those described in the
forward-looking statements.