CellCube Energy Storage Systems Inc. (CNSX:CUBE) announced a non-brokered private placement of convertible debentures for gross proceeds of up to CAD 10,000,000 on March 28, 2019. The Debentures will be sold in units of CAD 1,000 in Canadian and US Dollar increments. The transaction also includes over-allotment option of CAD 5,000,000. The debentures will mature on the third anniversary of the date of issuance and bear interest at a rate of 9% per annum, which shall accrue and be paid semi-annually. Each debenture shall be convertible into common share at a conversion price of CAD 0.3 per common share. The debentures will be secured a pledge over the securities of ENEROX GmbH, the Austrian subsidiary of the Company. The transaction is subject to and regulatory approval.