Sky and Space Global Limited (ASX:SAS) announced that it has entered into an agreement with CSS Alpha (BVI) Limited for a private placement of convertible notes for gross proceeds of AUD 550,000 on September 17, 2019. The note carries an interest rate of 2% per month compounded monthly and can be convertible into common shares at a price of AUD 0.007 per share. The company may prepay the note any time. The loan is secured in nature. The company will pay associated fees of AUD 75,062 and will receive net proceeds of AUD 474,938 in the transaction.