LOOPShare Ltd. (TSXV:LOOP) announced that it has entered into a non-convertible bridge loan facility with a lender for gross proceeds of CAD 357099.4415 ($271,850) on July 24, 2019. The company will repay the loan on the earlier of 90 days from the date of issuance, or on the closing of an equity financing for gross proceeds exceeding $1,141,905(CAD 1,500,000). The loan will bear interest at a rate of 1% per 30-day period, payable when the loan is due. The company has also issued bonus warrants to the lender, entitling to acquire 1,424,820 common shares of the company at an exercise price of CAD 0.05 per share for a period of 12 months from the date of issuance. All the securities to be issued are subject to a hold period of four months and one day from the date of issuance. The transaction is subject to the approval of TSX Venture Exchange.