IL2M International Corp. (OTCPK:ILIM) announced a private placement of non-interest bearing convertible promissory note dated March 27, 2014 for gross proceeds of $515,600 and promissory note dated March 27, 2014 for gross proceeds of $231,000 for total gross proceeds of $746,600 on March 27, 2014. The transaction included participation from new investor Sure Investment Group Limited. The convertible note associated conversion rights to convert the principal into common shares of the company at the lowest of either $0.10 per share, or 50% of the average trading price of the common shares on the OTCQB markets for the five days preceding the date of conversion. The convertible promissory note is payable upon demand. The promissory note carries a coupon of 5% per annum. The promissory note is due and payable July 1, 2014.

On March 27, 2014, IL2M International Corp. closed the transaction.