Yorkton Equity Group Inc. announced a private placement of CAD 1.7 million unsecured grid promissory notes on October 2, 2023. The transaction included participation from new lender Lui Holdings Corporation. The promissory notes shall mature 24 months from the date of issuance.

The principal amount outstanding of the promissory note shall bear interest at a rate of 5% per annum for the first 30 days and 10 per cent per annum from the 31st day until the maturity date or upon the early repayment of the promissory note in full, whichever comes first. The promissory note is not convertible into or repayable in securities of the company.