Micrex Development Corp. (TSXV:MIX) announced a non-brokered private placement of unsecured notes for gross proceeds of CAD 300,000 on April 2, 2013. The notes issued carry 6% interest rate per annum and will mature on December 31, 2014. The company also issued warrants equivalent to 40% of the principal amount of note divided by CAD 0.10. Each warrant will entitle the holder to purchase a common share at CAD 0.10 per share till December 31, 2014.

On April 2, 2013, Micrex Development Corp. closed the transaction.