Dalmac Energy Inc. (TSXV:DAL) announced that it has entered into a loan agreement for gross proceeds of CAD 750,000 on September 6, 2017. The transaction will involve participation from John Babic, President and Chief Executive Officer of the company. The loan will have a three year term and carry a coupon of 12.5% per annum. In the event of certain circumstances, including at the maturity of the loan, in the event, the company determines that it will repay the loan in full, in the event another person gains ownership or control of over 20% of company's issued and outstanding common shares or upon the agreement of the corporation and the investor, the investor will have the option to convert the outstanding loan amount into an aggregate of 7,500,000 units of the company at a price of CAD 0.095 per Unit. Each Unit shall entitle the investor to acquire, at no additional cost, one common share of the company and one common share purchase warrant of company. Each warrant shall entitle the investor to acquire one common share at a price of CAD 0.13 per share for a period of 18 months following the date of conversion.