Advantex Marketing International Inc. announced that it has issued senior secured non-convertible debentures for gross proceeds of $150,000 on March 24, 2022. The transaction included participation from returning lender Generation PMCA Corp. and Generation IACP Inc. The notes will bear an interest of 9% payable annually and will mature on December 31, 2025.

The investors will be issued 4,475 common shares for each dollar of new debenture subscribed for. The securities issued are subject to a four-month hold period ending on July 25, 2022. The transaction has been approved by the Canadian Securities Exchange.