Usha Resources Plans Share Issuance and Adopts Semi-Annual Reporting

Usha Resources Ltd. has announced its intention to satisfy accrued interest from outstanding convertible debentures through the issuance of common shares, subject to the acceptance of the TSX Venture Exchange. The company issued $500,000 in convertible debentures on December 11, 2025, with an interest rate of 5% per annum. For the period from December 11, 2025, to June 11, 2026, Usha Resources will issue 250,000 common shares, valued at $12,500 in accrued interest.

Additionally, Usha Resources will transition to a semi-annual financial reporting framework, utilizing Coordinated Blanket Order 51-933. By adopting this framework, the company will forgo filing interim financial reports for its first and third quarters. However, audited financial statements and six-month interim reports will continue to be filed within specified deadlines. The company confirms its eligibility under the program, having annual revenues below $10 million and a compliant disclosure record.