Los Andes Copper to Fully Settle US$5 Million Debenture Through Share Conversion

Los Andes Copper ( (TSE:LA) ) has provided an announcement.

Los Andes Copper has announced that Queen’s Road Capital Investment will convert its US$5 million eight per cent convertible debenture into common shares of the company effective April 8, 2026, at a conversion price of C$10.82 per share. Based on accrued interest and exchange rates, the debenture plus interest totals approximately C$6.91 million, which is expected to be fully settled in equity, subject in part to regulatory approval.

Under existing terms, a maximum of 558,502 shares can be issued on conversion without additional TSX Venture Exchange approval, leaving C$866,375 of the amount to be converted pending regulatory consent. The company plans to seek TSX-V approval to issue a further 80,071 shares, for a total of 638,573 shares, a move that will eliminate this debt and modestly increase the company’s share count while reinforcing long-term support from a key resource-focused financier.

The most recent analyst rating on (TSE:LA) stock is a Sell with a C$13.00 price target. To see the full list of analyst forecasts on Los Andes Copper stock, see the TSE:LA Stock Forecast page.

Spark’s Take on LA Stock

According to Spark, TipRanks’ AI Analyst, LA is a Neutral.

The score is primarily constrained by weak financial performance (no revenue, widening losses, and ongoing cash burn) and limited valuation support due to negative earnings. Technicals are also soft in the near term (below key short-term averages with negative MACD), partially offset by a stronger longer-term trend and a relatively solid balance sheet with moderate leverage.

To see Spark’s full report on LA stock, click here.

More about Los Andes Copper

Los Andes Copper Ltd. is an exploration and development company holding a 100% interest in the Vizcachitas copper-molybdenum project in Chile. The project lies along one of Chile’s most prolific copper belts and is considered one of the largest undeveloped copper deposits in the Americas outside major producers, positioning the company as a potential future large-scale copper miner.

Average Trading Volume: 21,048

Technical Sentiment Signal: Buy

Current Market Cap: C$341.5M

For detailed information about LA stock, go to TipRanks’ Stock Analysis page.