Appreciated Media Holdings Inc. (TSXV:AMH) announced a private placement of 8% unsecured convertible debentures for gross proceeds of up to CAD 1,000,000 on August 17, 2020. The debentures bears fixed interest at the rate of 8% per annum, payable annually and will mature in three years from the date of issuance. The debentures are convertible into common shares at a fixed conversion price of CAD 0.10 per share. The debentures will issue in par. The transaction will include participation from certain directors and officers of the company have committed to purchase approximately CAD 900,000 principal amount of the convertible debentures for an aggregate purchase price of CAD 900,000. All securities issued are subject to a hold period expiring four months and one day after closing. The transaction is subject to satisfaction of customary conditions imposed by the Exchange.