AllDigital Holdings, Inc. (OTCBB:ADGL) announced that it has entered into a securities purchase agreement for a private placement of 5% senior secured convertible notes with two accredited investors for gross proceeds of $365,000 on February 10, 2015. The notes were issued at par. The notes will have a fixed interest rate of 5% per annum and will mature on December 31, 2016.

The notes will be convertible into common shares of the company at a fixed convertible price of $0.15 per share.