Bion Environmental Technologies, Inc. announced that it will receive $1,500,000 in funding on October 6, 2023. The company will issue Convertible Term Loan in the transaction. The company will issue securities pursuant to exemption provided under Regulation D. The loan is convertible into units which comprises of one common share and 0.5 common share purchase warrant at $1 per unit.

On the same date, the company has received $250,000 in its first tranche. The transaction included participation from a single investor. The company is expected to receive 5 remaining tranches of $250,000 are due 1st of each month commencing November1, 2023 with acceleration option upon up listing.