Lattice Incorporated (OTCPK:LTTC) announced that it has entered into a securities purchase agreement for a private placement of a 14% secured promissory note with Cantone Asset Management, investment Arm for gross proceeds of $356,250 on February 25, 2016. The note carries a fixed coupon of 14% per annum and would mature on August 26, 2016. The dentures are issued at an original issue discount of 5%, for gross proceeds of $375,000.

The company has also issued 600,000 common shares.