Monarch America, Inc. (OTCBB:BTFL) announced that it has entered into drawdown promissory note agreement for gross proceeds of $1,500,000 on December 4, 2014. The note bears a fixed interest rate of 8% per annum commencing on August 31, 2015 and continuing every three months and will be repayable by January 15, 2016. The transaction includes participation from existing investor Glamis Capital SA. The transaction is expected to be completed by the end of January 30, 2015. The company shall drawdown up to $350,000 from time to time upon at least three business days' prior written notice to the investor.

On December 5, 2014, the company has received gross proceeds of $75,000 in funding.

On December 10, 2014, the company has received gross proceeds of $75,000 in funding bringing the total funding raised to $150,000 in the transaction.

As of March 31, 2015, the company has received $1,150,000 in funding.