Minerco, Inc. (OTCPK:MINE) announced a private placement of a convertible promissory note for gross proceeds of $15,000 on May 24, 2016. The note carries a principal value of $15,000 and is issued at its par value. The transaction included participation from Patrick Casey. The note carries an interest of 8% per annum. The entire principal amount shall be due and payable on November 24, 2016. The note is convertible into the common shares of the company.