Puget Technologies,Inc (OTCPK:PUGE) announced a private placement of 8% convertible redeemable note for gross proceeds of $200,000 on February 2, 2015. The note bears an interest rate of 8% per annum. The company issued notes worth $75,000 to Adar Bays LLC, maturing on January 30, 2016, convertible debentures worth $50,000 to Macallan Partners LLC maturing on February 5, 2016; and notes worth $75,000 to Union Capital, LLC maturing on January 30, 2016.


On February 2, 2015, Puget Technologies,Inc closed the transaction.