Trakopolis IoT Corp. (TSXV:TRAK) announce that it has entered into an agreement of brokered private placement on commercially reasonable efforts basis for gross proceeds of up to CAD 3,000,000 with Canaccord Genuity Corp. on September 4, 2018. Each unit consists of CAD 1,000 principal amount of 8% unsecured subordinated convertible debentures and 63 common shares. The agent has been granted the option to sell up to an additional CAD 450,000 of units at the issue price pursuant to the transaction, which agent’s option is exercisable in whole or in part at any time up to 48 hours prior to the closing of the transaction. The debentures mature on September 30, 2020 with interest payable quarterly in arrears on March 31, June 30, September 30 and December 31 of each year, with the first interest payment on December 31, 2018. The debentures will be convertible into common shares at the option of the debenture holder at any time prior to the earlier of the business day immediately preceding the maturity date, or if called for repurchase pursuant to a change of control, on the business day immediately preceding the payment date, into approximately 1,250 common shares for each CAD 1,000 principal amount of debentures, representing a conversion price of approximately CAD 0.80 per common share. The company may force the conversion of the principal amount of the then outstanding debentures at the conversion price on not more than 60 days' and not less than 30 days' notice should the volume weighted average price of the common shares on the TSX venture exchange be greater than CAD 1.05 for any period of 30 consecutive trading days preceding the date of the notice. The company may prepay the debentures at any time, in whole or in part, by payment of any portion of the principal amount plus a premium of 5% plus accrued but unpaid interest on such portion of the principal amount being paid. The securities issued are subject to a hold period of four months from the date of issuance. All securities issued pursuant to the transaction will be subject to a four month hold period in accordance with applicable Canadian securities laws. The expected closing of the transaction to occur on or about September 27, 2018 and is subject all necessary regulatory approvals, including the approval of the TSX Venture Exchange.