Artelo Biosciences raises $900k via convertible notes with 12% interest and warrants

ARTELO BIOSCIENCES, INC.

Closed $900,000 convertible note offering; directors and management purchased $200,000 of the notes.
Notes carry 12% annual interest (20% on default), mature in 180 days; voluntary conversion at $1.29/share.
Unconverted principal automatically converts to warrants at $0.125/share; exercise price $1.04/share.
Warrants have 5-year term, cashless exercise option, and standard anti-dilution provisions.
Company commits to file resale registration statement for underlying shares within 45 days after maturity.

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