Nutritional High International Inc. (OTCPK:SPLI.F) announced that it has entered into an agreement for private placement of 10,000 convertible debenture units at CAD 1,000 per unit for gross proceeds of CAD 10,000,000 on January 10, 2018. Each debenture unit consists of one CAD 1,000 principal amount of 10% senior unsecured convertible debentures and 1,667 common share purchase warrant. Each warrant entitles the holder to acquire one additional common share at CAD 0.70 per share for a period of 36 months from the date of closing. Each convertible debenture is convertible into common share of the company at the option of the holder at any time prior to the closing of business of the earlier of the last business day immediately preceding the maturity date and at that date of redemption at a conversion price of CAD 0.60 per share. The company has granted an option to arrange for the sale of additional convertible debentures for up to CAD 5,000,000 at any time until the closing date. The convertible debentures carry fixed interest rate of 10% per annum payable semi-annually on the last date of June and December in each year. The convertible debentures carry maturity date of three years from the date of issuance. The transaction is subject to receipt of necessary regulatory approvals.