Gooroo Ventures Limited (ASX:GOO) announced a private placement of 22,100,000 convertible notes at issue price of AUD 0.025 per note for gross proceeds of AUD 552,500 on November 10, 2020. The bonds has no coupon rate and are unsecured. The bonds are convertible into one common shares of the company. The conversion will occur earlier of completion of the proposed acquisition and reinstatement of its shares to trading on the ASX or June 30, 2021.