Kazakhstan Potash Corporation Limited (ASX:KPC) announced that it will enter into a convertible note agreement totaling AUD 30 million with existing investor China-Asia Resources Fund on December 5, 2019. The note will be for a four years period at a conversion price of AUD 0.02 per share. Each note is convertible into 50 fully paid ordinary shares in the company and no interest is payable on the convertible notes. The company will issue 600 million fully paid ordinary shares to the investor for entering into the agreement. The transaction is subject to shareholder approval.