Camarico Investment Group Ltd. (CNSX:CIG) announced a private placement of unsecured convertible debentures for gross proceeds of CAD 5,000,000 on August 16, 2019. The debentures will mature on the date that is 24 months from the date of issuance and bear interest at a rate of 9% per annum, calculated and paid monthly in arrears commencing on the day that is 30 days from the closing date .The debentures may be convertible into common share in whole or in part, at any time following the closing date, but on or before the maturity date at a conversion price of CAD 0.66 ($0.50) per share. The securities is subject to a statutory resale restriction of four months and one day from the date of closing.