Algae Dynamics Corp. announced that it has entered into a definitive note purchase agreement for a private placement of 12% senior convertible note on October 27, 2017 for gross proceeds of $500,000 with new accredited investor Teewinot Life Sciences Corp. on October 27, 2017. The note will be automatically convertible into common shares of the company on the 45th day after issuance at $.10 per share provided that if the closing price of the common shares on December 11, 2017 is less than $.10 then conversion price is adjusted to $.07 per share. The company announced that it has completed its first tranche of $250,000. The notes shall be convertible into validly issued, fully paid and non- assessable common shares. The company shall issue the investor 1,250,000 common share purchase warrants and an aggregate of 625,000 common shares. The company will issue the securities pursuant to exemption provided under Regulation D.