iSIGN Media Solutions Inc. announced a private placement of convertible promissory note for gross proceeds of CAD 30,000 on December 12, 2022. The note will have a term of one year and will accrue interest at a rate of 12% per annum, payable upon maturity. The principal can, at the Note Holder's option, be converted into units at a price equal to CAD 0.05 per unit.

Each unit shall be comprised of one common share and one common share purchase warrant. Each warrant shall be exercisable to acquire one common share for a period of two years following the date of issuance of the warrant at an exercise price of CAD 0.075. All shares will be subject to a minimum hold period of 4 months from the date of issue of the note.

The transaction is subject to TSX Venture Exchange approval.