Lignol Energy Corporation (TSXV:LEC) announced a private placement of notes with returning investor Difference Capital Financial Inc. for gross proceeds of CAD 5,000,000 on February 27, 2013. The notes will have an interest of 8% per annum and will mature on the earlier of February 27, 2014 or upon the completion of an equity financing raising gross proceeds of at least CAD 5,000,000.

As of April 30, 2013, the company has received CAD 5,000,000 in funding.

On July 9, 2013, the company amended the terms of the transaction. It will now receive total gross proceeds of CAD 6,250,000.

On August 14, 2013, the company amended the terms of the transaction. The company will now receive total gross proceeds of CAD 12,500,000.

On August 28, 2013, the company announced that it has received CAD 9,750,000 in funding.

On November 13, 2013, Lignol Energy Corporation closed the transaction. The company has received CAD 11,785,000 in the transaction. The company received CAD 2,035,000 on the same in an additional tranche.