IL2M International Corp announced that it has received $0.10 million in funding.
June 09, 2014 at 12:00 am EDT
IL2M International Corp (OTCPK:ILIM) announced a private placement of one unsecured convertible promissory note at $100,000 per note for gross proceeds of $100,000 on June 9, 2014. The note carries an interest at the rate of 12% per annum. The note will mature on December 19, 2014. The note shall be convertible into common shares at a conversion price, which shall mean 50% discount to the average of the three lowest trades on the previous twenty trading days to the date of conversion.
On June 9, 2014, IL2M International Corp closed the transaction.