LightTouch Vein and Laser, Inc. (OTCBB:LTVL) announced a private placement to issue a convertible promissory note to a new accredited investor Grow Solutions, Inc. for gross proceeds of $163,000 on February 16, 2015. The note bears a fixed rate of interest at 10% per annum. The note will mature either on one year from the date of issuance or the merger, change of control, reorganization or acquisition between the company and another corporation or entity, whichever is earlier.

The notes will be convertible into shares of the company at a conversion price of $0.02 per share.