Filo Mining Corp. (TSXV:FIL) announced a private placement of unsecured debentures for gross proceeds of $2,000,000 on January 12, 2018. The debenture has a term of 12 months from the issue date of the debenture. No interest is payable during the term of the debenture, however, any amount of the facility remaining unpaid and outstanding on or after the maturity date shall bear interest at a rate of 5% per annum until repaid in full. The facility will be issued by Zebra Holdings and Investments S.à.r.l. The terms of the facility is subject to approval of the TSX Venture Exchange, an aggregate of 6,000 common shares of company and an additional 300 common shares per month for each $50,000 of the facility outstanding from time to time up to the maturity date. All securities issued in conjunction with the facility will be subject to a four-month hold period under applicable securities law. The common shares to be issued pursuant to the terms of the debenture will be issued at a deemed price of $2.60 per share, being the closing price of the common shares on the TSX Venture Exchange on January 12, 2018.