Algae Dynamics Corp. (OTCPK:ADYN.F) announced a private placement of 10% convertible debentures convertible into 400,000 shares at a price of CAD 0.25 for gross proceeds of CAD 100,000 and 1,050,000 shares of restricted common stock at a price of CAD 0.40 for gross proceeds of CAD 420,000 and 525,000 purchase warrants at a price of CAD 0.75 on August 3, 2018. An offering memorandum was issued from accredited investors in the transaction.