BC Craft Supply Co. Ltd. announced a private placement of secured convertible promissory notes for gross proceeds of up to CAD 3,000,000 on July 26, 2021. Unless earlier repaid or converted in common shares, the outstanding principal amount of the notes will be due and payable on the date which is 36 months from the date of issuance. The notes shall bear interest at a rate of 8% per annum, prepaid on the date of the note, on the 13th month and 25th month from issuance. The interest payment shall be paid by the issuance of common shares in the capital of the company issued at a price per common share equal to the 10-day volume weighted average price. Investors shall have the option to convert all or any portion of the unpaid principal amount of the notes, into common shares of the company. The principal amount and any unpaid interest on each Note shall be convertible into conversion shares, at the option of the holder of each note, at a conversion price of CAD 0.05 per conversion share, from and after the closing date and ending at 5:00 p.m. (Vancouver Time) on the last business day immediately prior to the maturity date. On the maturity date, for each Note, any unconverted portion of the principal amount, and all unpaid interest on, such Note shall be repaid to the holder of such Note. All or any portion of the unpaid principal amount of the Notes, may at the company’s option, be prepaid in whole or in part, at any time or from time to time, without premium or penalty, prior to the maturity date. All securities issued in connection with the notes are subject to a four month and one day statutory hold period. Finder’s fees may be paid to qualified parties in connection with the transaction.