Avalanche International, Corp. (OTCPK:AVLP) announced a private placement of convertible promissory note for face amount of $525,000 at an original issue discount of $25,000 resulting in gross proceeds of $500,000 with new investor, DPW Holdings, Inc. (AMEX:DPW) on October 5, 2016. The note carries a coupon of 12% per annum and would mature in 24 months from the date of closing.

The note is convertible into common shares of the company at a conversion price of $0.745 per share.