Annidis Corporation (TSXV:RHA) announced that it will issue convertible promissory note on December 11, 2015. The promissory note carries a coupon of 10% per annum.

On same day, the company announced that it has received CAD 150,000 in first tranche of the transaction. The promissory note would mature on December 11, 2016. The convertible promissory note issued is convertible into common shares of the company at an exercise price of CAD 0.09 per share.