Strathmore Plus Energy Corp. announced a private placement of convertible note to RD Capital Inc for gross proceeds of CAD 500,000 on January 19, 2022. The convertible note will mature in 12 months and bears interest of 6% per annum to maturity. The convertible note is convertible into common shares on maturity at the holder's option at CAD 0.30 per share and ii) Interest accrued on the convertible note may be paid in shares at the election of the holder, but will be subject to TSXV approval at the time of such election, including approval of conversion pricing.

On February 17, 2022, the TSX Venture Exchange has accepted for filing documentation with respect to the transaction.