Sirius Petroleum plc (AIM:SRSP) announced that it received £1.75 million in the round of funding on January 15, 2019. The transaction included participation from European High Growth Opportunities Securitization Fund, fund managed by European High Growth Opportunities Manco S.A. The convertible notes will be issued at a 5% discount but are interest free and can be issued and subscribed in sequential tranches. The Convertible Notes can convert into ordinary shares of the company at 95% of the lowest closing VWAP within fifteen trading days immediately preceding the delivery of the relevant conversion notice by the investor. The company also issued 5-year warrants, exercisable at 110% of the average of the closing VWAPs over the fifteen trading days immediately preceding the request to issue a new tranche, except the warrants issued with the first tranche of convertible notes whose exercise price shall be equal to £0.64 per warrant.