BioCep Ltd. announced that it has entered into a convertible loan agreement for a private placement of convertible loan for gross proceeds of $398,000 on August 25, 2016. The company will receive first tranche of $225,000 and second tranche of $173,000. The second tranche will be received within five days upon completion of requirements from the company. The requirement may be exercised until December 31, 2016. The loan is subject to an investment round of at least $1,000,000. The loan carries fixed interest rate of 5% per annum and will be convertible into common shares of the company on the same terms as that of investment round. The loan can be redeemable until February 24, 2018. The round will include participation from shareholders of the company including Capital Point Ltd. (TASE:CPTP) who will invest $52,000.