Panion Animal Health AB (XSAT:PANION) announced that it has signed a purchase agreement of convertible notes of gross proceeds of SEK 9,000,000 with one or more funds of new investor Yorkville Advisors Global LP and for the proceeds of SEK 500,000 with new investor Dividend Sweden AB (publ) (NGM:DIVI MTF B) on January 8, 2018. The subscription agreement with Yorkville Advisors Global LP consists of convertible notes along with warrants. Each convertible note has a maturity period of 12 months from the date of issuance and do not carry any interest rate. The principal amount in first tranche of the agreement with Yorkville Advisors Global LP is SEK 2,500,000. The investor can subscribe a minimum of two and a half and maximum up to nine million in convertible notes with warrants. The notes issued are convertible into company's shares. The conversion price of notes in agreement with Yorkville Advisors Global LP is 93% of the lowest closing volume weighted average price over a 5 trading days period preceding a conversion. The strike price of the warrants attached is 115% of the market price on the closing date of that specific tranche for a period of three years from there respective issuance date. Yorkville Advisors Global LP is entitled to pay a commitment fee of SEK 225,000 which will be paid at the execution of the agreement. The notes issued to Dividend Sweden AB (publ) (NGM:DIVI MTF B) carry a fixed interest rate of 10% per annum. Yorkville Advisors Global LP can subscribe the notes till 36 months.