INVITROCUE (HONG KONG) LTD announced that it will receive $1,000,000 on December 6, 2019. The transaction will include participation from existing investor Invitrocue Limited (ASX:IVQ) for $250,000 and ChinaLink Limited for $750,000, which includes unsecured convertible loan for gross proceeds of $500,000. The unsecured convertible loan will bear an interest of 10% per annum and will mature on October 1, 2022. The convertible loan will be convertible into shares at any time at the lowest of $0.03074805 (AUD 0.045) per share or volume weighted average price of the shares over 5 trading days prior to conversion. If the company is suspended of trading at the time of conversion, the average price of shares traded privately prior to the conversion for a minimum volume equivalent to the last 5 trading days volume. The convertible loan will be issued on or before 31 December 2019. Every 5 shares issued after conversion will attach with 1 option. Each option is exercisable at the subscribed price of the shares, and expires on October 1, 2022. The transaction is subject to shareholders approval.