SusGlobal Energy issues $1.5M convertible notes with 30% discount to future IPO price

SusGlobal Energy Corp.

Aggregate principal of $1,765,120 includes $265,120 original issue discount; net proceeds $1.5M.
Notes convertible at 70% of per-share price in a future public offering (Liquidity Event).
Maturity date is July 28, 2022, or earlier upon a Liquidity Event; prepayable at 20% premium.
Spartan Capital Securities earned $70,000 as placement agent.
Consulting agreements with investor-related parties: $50,000 cash and 72,500 restricted shares.

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