Shop and Shout Ltd. announced that it will issue convertible promissory note for gross proceeds of CAD 200,000 to returning investor Plank Ventures Ltd. on August 30, 2022. The convertible promissory note carries 10% annual interest rate and matures on August 30th, 2023. The note is convertible into common shares of the company at the election of the holder at a conversion price equal to the valuation cap divided by and the aggregate number of common shares of creator outstanding as of the maturity date.