Vancouver, British Columbia — March 3, 2026 — Leads & Copy — Los Andes Copper Ltd. (TSXV: LA) (OTCQX: LSANF) has elected to issue 8,493 common shares to Queen’s Road Capital Investment Ltd. as payment for US$104,973 (C$142,852) in interest owing on convertible debentures.
The interest payment pertains to the US$5,000,000, US$4,000,000, and US$5,000,000 eight percent convertible debentures issued to Queen’s Road Capital on June 2, 2021, April 4, 2022, and September 2, 2022.
Under the terms of the convertible debentures, interest is payable quarterly, with five percent in cash and three percent in shares. The share payment is calculated at the greater of (i) the 20-day volume weighted average price prior to the interest payment date, or (ii) the Discounted Market Price, as defined in the policies of the TSX Venture Exchange.
The shares are issued at a deemed price of US$12.36 (C$16.82) per share.
The issuance of common shares for interest is subject to the terms and conditions of the convertible debentures and the receipt of all required approvals, including approval from the TSX Venture Exchange.
Queen’s Road Capital Investment Ltd. is described as a leading financier in the global resource sector, focused on investments in privately held and publicly traded resource companies. The company aims to acquire and hold securities for both long-term capital appreciation and short-term gains, focusing on convertible debt securities and resource projects in advanced development or production located in safe jurisdictions. Queen’s Road Capital Investment Ltd. is listed on the TSX under the ticker QRC.
Los Andes Copper Ltd. is an exploration and development company with a 100% interest in the Vizcachitas Project in Chile. The company is focused on progressing the project into production. The company believes it will be Chile’s next major copper mine. The Project is a copper-molybdenum porphyry deposit, located 150 kilometers north of Santiago, in an area of very good infrastructure. An independent technical report for the PFS, prepared in accordance with NI 43-101, is available on the Company’s SEDAR profile.
Antony Amberg CGeol FGS, Los Andes Copper’s Chief Geologist, is the qualified person who reviewed and approved the technical information in the release.
Source: Los Andes Copper Ltd.
