Fischer-Watt Gold Co. Inc. (OTCPK:FWGO) announced a private placement of secured promissory note for gross proceeds of $300,000 on August 31, 2012. The company also issued warrants to purchase 6,814,000 shares at an exercise price of $0.02 per share till five years. The securities were issued pursuant to Regulation D. No commissions or other remuneration were paid on the transaction. BOCO Investments, LLC invested in the transaction. The note accumulates interest at a rate of 15% per annum and is payable on or before October 30, 2012.

On August 31, 2012, Fischer-Watt Gold Co. Inc. closed the transaction.