It subscribed for 500,000 Atlas Engineered shares at 40 cents each.
In August, 2017, the company subscribed for a convertible note in the principal amount of $97,500, which is convertible into 487,500 Atlas Engineered Products units.
Each unit consists of Atlas Engineered Products shares and one share purchase warrant.
Each warrant entitles the company to acquire one additional share at a price of 40 cents per share for a period of 12 months from the date of issue of the warrants.
Atlas Engineered Products is a leading manufacturer of trusses and engineered wood products in central Vancouver Island.