Emergia Inc. announced a private placement of convertible debentures for gross proceeds of up to CAD 5,000,000 on November 2, 2021. The debentures bear interest at the rate of 8% per year, accruing in arrears, payable semiannually in cash or in class A common shares. The debentures are convertible at the holder?s option into one unit at a conversion price of CAD 0.85. Each Unit is composed of one share and two warrants: (i) a warrant of the Corporation entitling the holder thereof to purchase one Share at a price of CAD 1.25 per share until October 31, 2023 and (ii) a warrant of the Corporation entitling the holder thereof to purchase one Share at a price of CAD 1.50 per share until October 31, 2024. The transaction is subject to regulatory approval. On the same date, the company received CAD 2,000,000 in its first tranche closing.