Preferred Dental Technologies Inc. (CNSX:PDT) announced a private placement of convertible loan for gross proceeds of CAD 52,000 on November 15, 2017. The loan carries a fixed coupon of 8% per annum and would mature on November 15, 2019. The loan is convertible into 800,000 units of the company at an conversion price of CAD 0.065 per share. Each Units consists of one common share and one share purchase warrant to acquire one additional share at a price of CAD 0.25 per share expiring one day before the first anniversary of the issue date of the warrants. The securities to be issued are subject to a hold period of four months and a day from November 16, 2018.