PeerLogix, Inc. (OTCPK:LOGX) announced a private placement of units at a price of $11,006.666666 per unit on February 15, 2017. Each unit consists of one six month, 18% convertible promissory note with a face value of $10,000 and warrants to acquire an aggregate number of shares equal to 50% of the shares of common stock into which the note related thereto shall initially be convertible at an exercise price of $0.10 per share during the four year period commencing on the final closing of this transaction. The company will close the transaction in multiple tranches until October 31, 2017. The securities will be issued pursuant to exemptions provided under Regulation D. The company announced that minimum investment accepted is $10,000. On the same day, the company announced that it has issued 75 units for gross proceeds of $825,500 in its first tranche.