Tian Poh Resources Limited (ASX:TPO) announced a private placement of convertible notes for gross proceeds of SGD 100,000 on March 12, 2019. The notes will bear an interest rate of 6% and will mature on January 17, 2021. The notes will be convertible into common shares of the company at a price of AUD 0.005 (SGD 0.00478) if converted within 1 year and AUD 0.01 (SGD 0.00957) if converted after 1 year.