Debt Deferral Agrements
NEW TYMBAL RESOURCES LTD.
Suite 600-850 West Hastings Street Vancouver, British Columbia V6C 1E1
Tel: (604) 662-8130 email: [email protected]
NEWS RELEASE
Debt Deferral Agrements
VANCOUVER, BRITISH COLUMBIA, July 27, 2026 – New Tymbal Resources Ltd. (TSXV – NTB) (“Tymbal” or the Company).
New Tymbal Resources Ltd. (the "Company") (formerly Cicada Ventures Ltd.) advises that on May 26, 2023, the Company amended the terms of its outstanding loans payable of $1,271,700 from 6% per annum to 12% per annum, and from a due date of January 31, 2024 to February 1, 2025, which went into effect on August 1, 2023. The Company also converted $2,743,257 of outstanding accounts payable and accrued liabilities, including $2,230,713 owed to companies controlled by a significant shareholder of the Company, into loan agreements whereby the loans are unsecured, bears interest at 12% per annum, and was due on February 1, 2025.
on May 26, 2025 the company entered into debt deferral agreements, deferring amounts owing through July 31, 2026. In total debt of $5,346,139 was deferred including amounts owing to non arms length parties of $3,454,692. The loans become payable July 31, 2026 including interest payable at 12 % per year. The Company relied on the exemptions available through MI 61 101 Section 5.5 (g), Section 5.7 (1) (a) and (f) as applicable.
The company is currently in discussion to extend the loan due dates.
New Tymbal Resources Ltd.
Per: “Sammy Cheng”
Sammy Cheng Director (604) 662-8130
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