HUMAN Brands Inc. announced that it has received £130,000 in funding from returning investor, Gunsynd Plc (AIM:GUN) on February 27, 2018. The company issued convertible loan note in the transaction. The note carries a fixed coupon of 9% per annum.

The repayment of the note is due on the 30th day of the 24th month after the date of issue of this note. The payment at maturity will include the principal amount of the note plus all accrued interest. The note is convertible into common shares of the company at a price equal to a 55% discount to the three day average volume weighted average price of the shares as recorded immediately prior to the conversion date.

The company has raised £260,000 in funding till date.