Rokwader Inc. (OTCPK:ROKR) announced that it has executed a private placement of a subordinated convertible promissory note for gross proceeds of $35,000 from Yale Farar, President of the company on July 29, 2014. The note carries interest of 6% per annum and is convertible at the option of the holder at any time into common stock of the company at a conversion price of $0.53 per share.

On July 29, 2014, Rokwader Inc. closed the transaction.