Butte Energy Inc. (TSXV:BEN) announced a non-brokered private placement of convertible debenture units for gross proceeds of CAD 300,000 on December 4, 2017. The debentures carry an interest rate of 10%, will be convertible at CAD 0.05 of principal outstanding in year one and will be subscribed by Stone's Throw Capital Inc. Each debenture unit consists of one common share and one share purchase warrant, exercisable into a common share at CAD 0.05 of principal outstanding in the first year from issuance. There would not be any finder's fee in the transaction. The TSX Venture Exchange has accepted for filing the documentation with respect to the transaction.