Alkame Holdings, Inc. (OTCPK:ALKM) announced that it has entered into purchase agreement of 8% convertible debentures for gross proceeds of $500,000 on April 17, 2017. The debentures carry interest rate of 8% per annum and will mature one year from date of issuance. The company will issue securities at 10% discount for principal value of $550,000. Each debenture is convertible into common share of the company at the lower of 70% of the lowest trading price of the share as reported on the exchange which the company's shares are traded or any market upon which the share may be traded in the future, during the twenty trading days immediately preceding the closing date or 70% of the lowest trading price of the share as reported on the exchange which the company's shares are traded or any market upon which the common stock may be traded in the future, during the twenty 20 trading days immediately preceding the receipt of a notice of conversion. The company will raise funding in four tranches. The first tranche will be in the amount of $200,000, with each of the three successive tranches in the amount of $100,000.