Peekaboo Beans Inc. (CNSX:BEAN) announced a non-brokered private placement of 110 convertible debentures units at a price of CAD 1,000 per unit for aggregate gross proceeds of CAD 110,000 on April 8, 2021. Each convertible debenture unit will be offered at price of CAD 1,000 and will be comprised of one unsecured debentures with a principal amount of CAD 1,000 each and 5,000 common share purchase warrants of the company. Each warrant will entitle the holder to acquire one common share at a price of CAD 0.15 per share for a period of two years from the closing date of offering. The debentures will mature and be repayable on the date that is two years from the closing date. The debentures will bear interest at a rate of 12% per annum until maturity, which will be calculated and payable semi-annually on the last day of June and December in each year. The principal amount of debentures and any accrued and unpaid interest will be convertible into common shares at a conversion price of CAD 0.10. All securities issued in connection with the offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.