Crop Infrastructure Corp. (CNSX:CROP) announced a non-brokered private placement of senior secured convertible debentures for gross proceeds of up to CAD 1,000,000 on June 10, 2019. The senior secured convertible debentures issued at original issue discount of 20% with aggregate face value of up to CAD 1,250,000. The debentures carry a fixed coupon rate of 10% per annum, payable quarterly in cash and would mature in one year from the date of closing. The company will also issue one share purchase warrant for each CAD 0.30 of principal amount with each warrant entitling the holder thereof to acquire one common share of the company at an exercise price of CAD 0.50 per warrant share for a period of three years from closing. The debentures are convertible into common shares at a conversion price of CAD 0.30 per conversion share and with which any accrued and unpaid interest may be converted into conversion shares at a conversion price of CAD 0.30 per conversion share.