Playground Ventures Inc. announced that it has issued secured promissory grid notes to certain lenders of the company for gross proceeds up to CAD 100,000 on April 11, 2024. The Loan has a term of April 30, 2024 and is secured against all of the assets of the company. The company may draw on the available proceeds of the notes from time to time during the Term, and the amounts outstanding under the notes bear interest of 8% per annum payable with any outstanding principal at the end of the term, and the interest increases to 15% per annum upon an event of default.

The Loan was approved by the members of the board of directors of the company.