Advantex Marketing International Inc. announced a private placement of non-convertible debentures for the gross proceeds of CAD 600,000 on January 5, 2023. The transaction included participation from returning lenders, Generation PMCA Corp. and Generation IACP Inc. The debentures will bear an interest of 9% payable annually and will mature on December 31, 2025.

The investors will be issued 20 common shares for each dollar of new debenture subscribed for. The securities issued are subject to a four-month hold period ending on May 6, 2023. The transaction has been approved by the Canadian Securities Exchange.