Troubadour Announces Revised Debt Settlements Terms
Troubadour Resources Inc. TSX.V TR
troubadourresources.com
+1.604.968.4844
Troubadour Announces Revised Debt Settlements Terms
Vancouver, British Columbia / January 31, 2025– Troubadour Resources Inc. (“Troubadour”, or
the “Company”) (TSXV:TR) (OTCQB:TROUF) announces revised terms to its shares -for-debt
arrangements with certain non-arm's-length creditors, initially announced on August 22, 2024.
Originally, the Company intended to satisfy $200,480 of outstanding debt through the issuance of
up to 801,920 common shares at a deemed price of $0.25 per share. Following a decrease in the
Company’s share price and cash payments made to a certain Creditor in Q3, 2024, Troubadour
will now satisfy $185,722 of outstanding debt through the issuance of up to 1,547,680 common
shares (the “Settlement Shares”) at a revised deemed price of $0.12 per share. Completion of the
shares-for-debt transaction is subject to TSX Venture Exchange approval. The Settlement Shares
issued under this transaction will be subject to a statutory hold period of four months and one day
from the date of issuance.
About Troubadour Resources Inc.
Troubadour Resources Inc. is a North American mineral acquisition and exploration company
focused on the development of quality critical mineral and precious metal properties that are drill-
ready with high-upside and expansion potential. Based in Vancouver, BC, Troubadour trades on
the TSX Venture Exchange under the symbol TR and the OTCQB Venture Market under the
symbol TROUF.
TROUBADOUR RESOURCES INC.
Chris Huggins
CEO and Director
For more information, please call Chris Huggins at (604) 968-4844 or email
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Forward-looking statements:
This news release may include "forward -looking information" under applicable Canadian
securities legislation, including statements respecting high-upside and expansion potential, and
statements with respect to the activities, events or developments that the Company expects or
anticipates will or may occur in the future, including the completion of the issuance of Settlement
Shares to settle it s debt with certain creditors . Generally, but not always, forward -looking
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information and statements can be identified by the use of words such as “plans”, “expects”, “is
expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or
the negative connotation thereof or variations of such w ords and phrases or state that certain
actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be
achieved” or the negative connation thereof.
Such forward-looking information and statements are based on numerous assumptions, including
among others, that the Company will obtain regulatory approval for the issuance of the Settlement
Shares. Although the assumptions made by the Company in providing forward-looking information
or making forward -looking statements are considered reasonable by management at the time,
there can be no assurance that such assumptions will prove to be accurate and actual results and
future events could differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ materially from the Company’s plans or
expectations include risks relating to the inability of the Company to obtain regulatory approval of
the issuance of the Settlement Shares as anticipated, market conditions and timeliness of
regulatory approvals. Although the Company has attempted to identify important factors that
could cause actual results to differ materially from those contained in the forward -looking
information or imp lied by forward -looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can be no assurance that forward-
looking information and statements will prove to be accurate, as actual results and future events
could differ materially from those anticipated, estimated or intended. Accordingly, readers should
not place undue reliance on forward-looking statements or information.