CONVERTIBLE NOTE AGREEMENTConvertible Note Agreement • August 26th, 2011
Contract Type FiledAugust 26th, 2011Montec International Limited (ASX: MTI) is pleased to advise that it has entered into a Convertible Note Agreement to raise $200,000 to be applied to the working capital needs of the Company. The Convertible Note is issued for 18 months, with interest at 12% per annum payable quarterly in arrears and convertible to ordinary shares at $0.0025 per share.