Birdzz Pty Ltd announced that it has received a convertible loan for gross proceeds of AUD 990,000 on August 25, 2017. The transaction involved participation from John Bridgeman Limited (NSX:JBL). The interest rate of the loan is 9.65% per annum. The loan is convertible at the investor's discretion into the company's fully paid shares. The conversion price will be determined by agreement or if agreement cannot be reached within 5 business days then at the issue price per share at which the company last issued the shares.