IL2M International Corp. announced that it has received $0.23 million in funding.
March 14, 2014 at 12:00 am EDT
IL2M International Corp. (OTCPK:ILIM) announced a private placement of non-interest bearing unsecured convertible notes for gross proceeds of $225,000 on March 14, 2014. The transaction included participation from the foreign company. The company issued two non-interest bearing unsecured convertible notes in the transaction. The note is due June 14, 2014. The note holders will convert the note into 900,000 shares of common stock with a par value of $0.0001 per share with the conversion price of $0.25 per share.
On March 14, 2014, IL2M International Corp. closed the transaction.