Raven Energy Limited (ASX:REL) announced a private placement of 325,000,000 convertible notes at a price of AUD 0.001 per note for gross proceeds of AUD of 325,000 and 582,386,363 convertible notes at a price of AUD 0.00176 per note for gross proceeds of AUD 1,025,000 and for aggregate gross proceeds of AUD of 1,350,000 convertible notes on March 1, 2019. The company will issue 300,000,000 notes with a face value of AUD 0.001 per note convertible at AUD 0.001 per share with a maturity date of February 21, 2019 and coupon rate of 10% per annum; 511,363,636 notes with a face value of AUD 0.00176 per share convertible at AUD 0.00176 per note with a maturity date of February 21, 2019 and coupon rate of 10% per annum; 14,204,546 Notes with a face value of AUD 0.00176 per note convertible at AUD 0.00176 per share with a maturity date of March 20, 2019 and coupon rate of 10% per annum; 56,818,181 notes with a face value of AUD 0.00176 per share convertible at AUD 0.00176 per note with a maturity date of February 22, 2019 and coupon rate of 10% per annum, and 25,000,000 notes with a face value of AUD 0.001 per note convertible at AUD 0.001 per share with a maturity date of March 26, 2019 and coupon rate of 10% per annum.