IL2M International Corp (OTCPK:ILIM) announced a private placement of one convertible promissory note with new accredited investor JSJ Investments Inc. at $100,000 per note for gross proceeds of $100,000 on June 19, 2014. The note issued has a par value of $100,000. The note carries a fixed interest rate of 12% per annum. The note will mature on December 19, 2014. At any time after 90 days from closing, this note shall be convertible into common shares at a variable 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. Within 90 days after the closing the company may pay the note without the investor's consent at a cash redemption premium of 150%. Following the 91st day after the issuance date, this note has a cash redemption premium of 150% or the principal amount only upon approval and acceptance by investor.

On June 19, 2014, IL2M International Corp closed the transaction.