Primeline Energy Holdings Inc. (TSXV:PEH) announced a non-brokered private placement of convertible debentures for gross proceeds of $9,301,000 on November 19, 2018. The transaction will include participation from Victor Yiou-Hwa Hwang from Primeline International Holdings Inc. The bonds are convertible into common shares at $0.637 (CAD 0.85) per share. The maturity date of bonds is August 14, 2019 with an option to extend for an additional year. The bonds carry an interest rate of 4.5% per annum payable quarterly in cash and 2.5% per annum payable quarterly in shares and a redemption premium such that 10% per annum is paid on maturity. The transaction has been approved by the TSX Venture Exchange.