American Power Group Corporation (OTCPK:APGI) announced that it has entered into an agreement for private placement of unsecured promissory note for gross proceeds of $200,000 on November 18, 2016. The transaction will include participation from returning lender Van Steenwyk Matthew, member of board of directors of the company. The investor will invest through Matthew Donald Van Steenwyk GST Trust. The note carries fixed interest rate of 10% per annum and payable on November 18, 2017. The note is pre-payable at any time. The company will issue note at par.