Nortec Minerals Corp. (TSXV:NVT) announced a non-brokered private placement of convertible debentures for gross proceeds of CAD 750,000 on January 3, 2019. The debenture carries a fixed coupon of 12% per annum, payable at the end of the one year and wound mature on January 3, 2020. The debentures will be convertible into common shares of the company at a fixed conversion price of CAD 0.05 per share. The debenture will be secured by general security agreement.