SusGlobal Energy Corp. (OTCPK:SNRG) announced that it has entered into a security purchase agreement with investor for private placement of one 10% unsecured convertible promissory note for gross proceeds of $405,000 on June 16, 2021. The notes are convertible into common shares of the company at a conversion price equal to 90% multiplied by the lowest trading price of the common stock. The notes carries an interest rate of 10% per annum. The note will mature on June 18, 2022. Each note shall contain a $45,000 original issue discount with principal amount of $450,000. The company will pay $11,250 as legal fees. The company will receive net proceeds of $382,482.