12.64 Fund Limited Partnership Announces Completion of Convertible Loan Financing with AdRabbit Limited

SYDNEY, April 20, 2023 /CNW/ - 12.64 Fund Limited Partnership (the "Acquiror") have announced that they have completed a US $300,000 convertible loan financing (the "Convertible Loan") with AdRabbit Limited (TSXV:RABI.VN) (the "Company"). The Convertible Loan forms part of a larger private placement of unsecured, convertible loans of the Company of up to a principal amount of US$700,000. The principal amount owing under the Convertible Loan (the "Principal Amount") will mature on the date which is 12 months from the effective date of the Convertible Loan (the "Maturity Date"). Interest on the Principal Amount will accrue at an annual rate of 6% and will be payable at the Maturity Date or upon Conversion (as defined below).