Annidis Corporation (TSXV:RHA) announced a private placement of CAD 1,300,000 on April 18, 2016. The company issued grid promissory note in the transaction. The promissory note carries a coupon of 10% per annum and would mature on December 31, 2016.

The transaction included participation from returning lender YIMAI Technology International Company Limited. The transaction is subject to approval from TSX Venture Exchange.