Medical Imaging Corp. (OTCPK:MEDD) announced a private placement of 12% bridge convertible promissory note with private investor for gross proceeds of $100,000 on February 23, 2016. The note will bear interest at a rate of 12% per annum, payable monthly, and are due on on February 23, 2017.

The company also issued 100,000 shares common shares to the investor. The company paid $15,000 in legal and administration fees in connection with the transaction.