Tribute Resources Inc. (TSXV:TRB) announced a private placement 900 unsecured subordinated convertible debentures at a price of CAD 1,000 per debenture for gross proceeds of up to CAD 900,000 on February 6, 2017. The interest on the debentures is payable at a rate of 10%. The debentures will mature of March 31, 2019. The debentures is convertible into fully paid and non assessable common shares at a conversion price of CAD 0.05 per share at any time prior to the close of business on July 31, 2017. The transaction is subject to the approval of the TSX Venture Exchange. Pursuant to transaction, no finders, brokers or other agents are entitled to receive either securities or cash consideration.