Vancouver, British Columbia--(Newsfile Corp. - March 18, 2020) - LOOPShare Ltd. (TSXV: LOOP) (OTCQB: LPPPF) (FSE: 3KZ) ("LOOPShare" or the "Company") provides an update on in its $300,000 in inventory financing through the issuance of convertible debenture (the "Debentures"). Due to market conditions, the Company and the lender have agreed to reduce the per share conversion price for the Debentures to $0.245. The exercise price for the 600,000 detachable share purchase warrants has also been reduced to $0.245. The Company and the lender intend to close this financing on or before March 19, 2020.
Additional details regarding this financing are set out in the Company's press release dated February 4, 2020. The transaction set forth in this news release is subject to the approval of the Exchange.