Ironstone Group Inc. (OTCPK:IRNS) announced a private placement of note for gross proceeds of $1,000,000 on March 30, 2012. The notes issued matures on March 31, 2017, bears interest at a rate of 8.0% which is payable in kind and is secured by the assets of the company. The notes were issued to new investor Shea Ventures LLC. The company also issued warrant to purchase 187,296 common shares of the company at a nominal price per share. On March 30, 2012, Ironstone Group Inc. closed the transaction.