Integrated Environmental Technologies Ltd. (OTCBB:IEVM) announced a private placement of zero coupon secured convertible debentures for gross proceeds of $603,500 on July 14, 2016. The principal amount of debentures is $670,577. The debenture carries zero interest, maturing on July 14, 2017, and issued at original issue discount of 10%. The debenture can be converted into common shares of the company at a price of $0.01 per share. The company also issue 5-year warrants to purchase an equal number of common shares that the debentures are convertible into at the same price as the debenture conversion price.