ProUroCare Medical Inc. (OTCPK:PUMD) announced a private placement of secured promissory note for gross proceeds of $150,000 on September 26, 2012. The notes shall be issued to Jeanne Rudelius. The notes mature on December 26, 2012, and the company may repay the amount in part or in full at any time before the maturity. The company shall issue 30,000 shares in lieu of cash interest.

On the same day, the company received the funding and issued 30,000 shares in lieu of cash interest to the lender.

On October 29, 2012, ProUroCare Medical Inc. closed the transaction. The company issued additional notes for gross proceeds of $100,000 to the investor. The company raised total gross proceeds of $250,000 in the transaction. In lieu of interest or any other consideration, the company issued 20,000 shares of its common stock to the lender.