Medizone International, Inc. (OTCPK:MZEI) announced a private placement of two convertible notes for gross proceeds of $285,000 on January 31, 2018. The transaction included participation form L2 Capital, LLC and SBI Investments LLC; a fund managed by Sea Otter Global Ventures LLC. The company has entered into a security purchase agreement with the investor. The company issued notes at discount. The company paid a legal fees of $17,500 and $10,000 in the transaction. The net proceeds from the issue of note will be $250,000.