Toachi Mining Inc. (TSXV:TIM) announced that it has entered into an agreement with a syndicate of investors from Canada and Latin America to issue convertible debentures for gross proceeds of CAD 1,150,000 on January 4, 2019. The debenture carries a coupon rate of 10.85% and would mature in 12 months from the date of closing. The debenture is convertible into a maximum of 9,583,332 common shares of the company at a price of CAD 0.12 per share at any time prior to maturity. The transaction is subject to final approval from TSX Venture Exchange. No finder’s fee will be paid with respect to the transaction. The securities issued in the transaction are subject to a hold period of four months and one day from the date of closing.