Dolomite Holdings Ltd. (TASE:DLMT) announced that it has entered into an agreement to receive loans for gross proceeds of ILS 2,000,000 on April 9, 2017. The loan will be received from Nissim Degaldeti. The loans will carry an interest coupon of 3.41% and will mature on April 9, 2019. The investor will receive an option to convert the loan to shares, according to a share value of ILS 0.85 per share. This option is valid until October 9, 2017. The transaction was approved by the board of the company.