Agrios Global Holdings Ltd. (CNSX:AGRO) announced a private placement of unsecured convertible debentures for gross proceeds of up to CAD 8,113,000 on August 30, 2019. The company will also issue 4,385,405 common shares to the investors as bonus shares at nil consideration. The bonus shares will be subject to transfer restrictions for a period of one year. The debentures bear a fixed interest rate of 18% per annum, payable in cash or common shares, at the discretion of the company, on the last business day of each year, and have a maturity date of 36 months from the date of the issuance. The principal amount and any accrued interest on the debentures are convertible at the option of the holder, into common shares at a fixed conversion price of CAD 0.37 per share. The company will have a right prior to the six-month anniversary of the closing date to request for an advance or advances, with a minimum advance of CAD 500,000. The debentures will be subject to early redemption, either in whole or part, by the company at any time following the advance date, a price equal to the outstanding principal amount of the debentures plus all accrued and unpaid interest as at and including the redemption date. The company may force the conversion of all of the then outstanding debentures, including accrued and unpaid interest at the conversion price if the volume weighted average closing price of the common shares is CAD 0.74 for any 10 consecutive trading day period.