Hemp Naturals, Inc. (OTCPK:HPMM) announced that it has entered into a securities purchase agreement for a private placement of a 8% convertible redeemable note due December 19, 2019 for gross proceeds of $68,500 on December 19, 2018. The transaction included participation from accredited investor GS Capital Partners LLC. The note carries a fixed coupon of 8% per annum and maturity date of December 19, 2019. The promissory note is convertible into shares at variable conversion price equal to 55% of the lowest trading price of the company’s common stock during the 20 trading days. The note is secured, redeemable, and exchangeable. The company issued note at an original issuance discount of $1,500. The company will reserve 2,314,000 shares for issuance on conversion of notes. The agreement includes customary representations, warranties and covenants by the company, and customary closing conditions.