OtherLevels Holdings Limited (ASX:OLV) announced that it will issue convertible notes for gross proceeds of AUD 1,000,000 on April 26, 2019. The transaction will include participation from managing director and chairman for AUD 500,000 each. The notes will mature on June 30, 2021 and carry an interest rate of 12% per annum, paid monthly in arrears. The Note will have the option to convert to shares at a strike price of AUD 0.0003.