Toachi Mining Inc. (TSXV:TIM) announced a non-brokered private placement of convertible debentures for an aggregate gross proceeds of CAD 150,000 on February 27, 2019. The debenture carries a coupon rate of 10.85% per annum and may be converted into a maximum of 1,250,000 common shares of the company at a conversion price of CAD 0.12 per share at any time prior to maturity period which is, 12 months from the date of closing. The debentures will be issued at par. No finder’s fee will be paid with respect to the transaction. The securities issued in the transaction are subject to a hold period of four months and one day from the date of closing. The transaction will involve participation from a combination of insiders and high net worth investors. Over a majority of the transaction will be subscribed by insiders of the company, including members of the board of directors. The transaction is oversubscribed.