Crystal Peak Minerals Inc. (TSXV:CPM) announced that it has entered into convertible loan agreement with existing investor EMR Capital Investment (No. 5B) Pte. Ltd. for gross proceeds of $2 million on January 10, 2020. The loan will mature in 12 months from the date of issuance and bears fixed interest of 12% per annum. The principal amount of the Loan, in whole or in part, is convertible into common shares of the company at the option of the holder at a price of CAD 0.055 per common share. The closing of the Loan transaction is subject to the satisfaction of certain customary closing conditions, specified in the Loan agreement, and is expected to take place on or about January 20, 2020. All securities issued pursuant to the Loan will be subject to a four-month-and-one-day hold period from the closing date of the Loan. The Loan is also subject to acceptance by the TSX Venture Exchange.