Annidis Corporation (TSXV:RHA) announced a private placement of 43,580,000 shares, unsecured convertible promissory note, secured promissory note, and bonus warrants for total gross proceeds of CAD 5,696,212 on November 30, 2016. The company will issue 43,580,000 shares at CAD 0.05 per share for gross proceeds of CAD 2,179,000, unsecured convertible promissory note for CAD 650,000 and secured promissory note for CAD 2,867,212.1. The company will also issue 5,734,424 warrants in the transaction. Each warrant shall be exercisable at a price of CAD 0.05 per common share, for a period of three years from the issuance date of the warrants, subject to early expiry provisions as required in accordance with the policies of the Toronto stock exchange. The unsecured convertible note will mature on December 31, 2016 and bears interest at a rate of 10% per annum compounded monthly and payable at maturity. The note is convertible into common shares of the company at CAD 0.5 per share. The secured note will have a term of 3 years and carry an interest rate of 0% for the first year of the term and a rate of 12% per annum compounded daily in the final two years of the term, which interest shall be compounded daily at payable at maturity.