Tian Poh Resources Limited (ASX:TPO) announced a private placement of 40,662,804 convertible notes for the gross proceeds of SGD 400,000 on September 23, 2020. The notes will bear an interest rate of 8% and will mature on or before December 31, 2022. The notes will be convertible into common shares of the company at a price of AUD 0.01 (SGD 0.0097323).