Consolidated HCI Holdings Corporation announced that it has completed a private placement (the "Offering") of unsecured promissory notes for aggregate gross proceeds of approximately CAD 345,000. The purpose of this borrowing is to provide the company with sufficient working capital for general corporate purposes while management and the board of directors decide on the future direction of the company. The Promissory Notes bear interest at the annual rate of 4%, with the principal amount and all accrued and unpaid interest being due and payable on January 14, 2021.