Herencia Resources plc. (AIM:HER) announced a private placement of 2 secured convertible notes at $150,000 each for gross proceeds of $300,000 on April 3, 2018. The notes carry a par value of $165,000 each and will be issued at a discount of 9.090909%. The company signed a binding term sheet with existing investors Oriental Darius Co. Ltd and Australian Special Opportunity Fund, LP, a fund managed by The Lind Partners, LLC each for proceeds of $150,000. The notes will be convertible into common shares of the company at the next placement price. The notes will carry no interest and will mature in 24 months.