Dynasty Metals & Mining Inc. (TSX:DMM) announced a private placement of convertible secured subordinated debenture for gross proceeds of CAD 1 million on January 9, 2017. The security has maturity of 2 years with 12% interest per annum. The conversion price of the security is CAD 0.25 per share. The security is subject to a hold period of four months. The company paid CAD 50,000 as finance fees in the transaction. Credipresto, S.A.P.I. de C.V., SOFOM, E.N.R., Asset Management Arm will be the subscriber in the transaction. The transaction is subject to customary closing conditions including Toronto Stock Exchange approval, and is expected to close on or before January 31, 2017.