Cyclone Uranium Corporation (OTCPK:CYUR) announced a private placement of promissory note for gross proceeds of $150,000 on August 30, 2013. The transaction included participation from an individual investor, Perry L. Miller. The note carries an interest rate of 30% per annum and will mature on December 30, 2013. The company also issued 5,000,000 warrants. The warrants are exercisable at $0.02 per share for a period of three years. The company issued securities pursuant to exemption provided under Regulation D.

On August 30, 2013, Cyclone Uranium Corporation closed the transaction.