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Troubadour Resources Inc (2)
Symbol TR
Shares Issued 70,068,574
Close 2025-02-13 C$ 0.045
Market Cap C$ 3,153,086
Recent Sedar Documents

Troubadour to reprice 10.22 million warrants

2025-02-13 20:02 ET - News Release

Subject: Troubadour Resources New Releas PDF Document

File: Attachment TR_NR_Warrant_Repricing_02132025.pdf

Troubadour Resources Inc. TSX.V TR troubadourresources.com +1.604.968.4844

Troubadour Announces Warrant Repricing

Vancouver, British Columbia / February 13, 2025 Troubadour Resources Inc. ("Troubadour", or the "Company") (TSXV:TR) (OTCQB:TROUF) announces that it intends to amend the exercise price of 10,221,000 common share purchase warrants (the "Warrants") issued as part of the Company's private placement that closed on July 18, 2024. The Warrants are currently exercisable at a price of $0.175 and expire on July 18, 2026.

Subject to the approval of the TSX Venture Exchange (TSX.V"), the exercise price of the Warrants will be repriced from $0.175 to $0.10 (the "Repricing").

In accordance with the policies of the TSX.V the expiration of the Warrants will be accelerated to thirty days if, for any ten consecutive trading days, the closing price of the common shares of the Company on the TSX.V is $0.125 or greater (the "Acceleration Trigger"), with such thirty-day period starting seven days after the Acceleration Trigger.

All other terms of the Warrants will remain unchanged.

The Company confirms that no Insiders hold any of the Warrants that are subject to the proposed repricing.

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

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 chris@troubadourresources.com

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 Information This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, 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 Repricing. Generally, but not always, forward-looking 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 words 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 of the Repricing. 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 Repricing 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 implied 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.

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