https://www.bioasis.us/bioasis-completes-bridge-financing-transaction/

Pursuant to the Bridge Financing, Bioasis issued a total of approximately CAD$696,000 unsecured debentures (the “Debentures”) to a group of arm’s length investors. The Debentures have a term of one year and bear interest at a rate of 7.5% per annum, payable semi-annually in arrears. The principal amount of the Debentures, and any accrued and unpaid interest thereon, shall be repayable in full in the event that the Company raises an aggregate of USD$500,000 (excluding any proceeds raised from the Bridge Financing) through financing, licensing or other business development activities (each an “Additional Financing Event”), within 14 days following the closing of any such Additional Financing Event.

Each investor in the Bridge Financing also received warrants to purchase common shares of Bioasis (the “Bonus Warrants”) on the basis of 5,000 Bonus Warrants for every CAD$1,000 principal amount of Debentures purchased, resulting in the issuance of a total of 3,480,759 Bonus Warrants. Each Bonus Warrant entitles the holder thereof to purchase one common share of Bioasis at a price of CAD$0.20 per share for a period of one year.

What I read here:

1) Arms length = People are still in the ship and they think Bioasis is undervalued (they wouldnt let a dilutive financing happen)
2) 7.5% is cheap, repayable as soon money comes in. Money is coming in soon.
3) 3.5M warrants for 1 year, that means down the road we surely going to get the 700k CAD back.

All good steps for great upcoming news.