CO2 Solutions Inc. (TSXV:CST) announced that it will receive CAD 500,000 in debt financing from Dundurn Capital Partners Inc. on August 12, 2016. The loan bears interest rate of 12% per annum including standby fees of 3% per annum. The company will issue warrants 2,941,176 non-transferable common shares purchase warrants in proportion of debt financing received from lenders. Each warrant is exercisable to acquire one common share at a price of CAD 0.17 per share until two years from the date of first payment of debt financing. Warrants and equity shares issued upon exercise of warrants are subject to four month hold period. The loan is secured by a movable hypothec granted by company over the universality of its movable property including but not limited to its patent portfolio. The company will receive first payment of CAD 200,000 from Dundurn Capital Partners Inc. and subsequent payments of in amounts CAD 100,000 per month with maximum of CAD 100,000 per month. Dundurn Capital Partners Inc reserves the right to identify other lenders who would participate in the transaction. Transaction is subject to approval from TSX Venture Exchange.