Filo Mining Corp. (TSXV:FIL) announced that it has entered into a credit facility agreement for gross proceeds of CAD 3,977,610 on January 12, 2019. The company will issue convertible debentures in the transaction. The facility has a term of 18 months ending July 12, 2020. 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 terms of the facility include the company issuing to the lender, 300 common shares per month for each CAD 66,293.5 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. The common shares to be issued pursuant to the terms of the debenture will be issued at a deemed price of CAD 2.20 per share.