CFN Enterprises Inc. announced a private placement of unsecured promissory notes for gross proceeds of $250,000 with a lender on October 19, 2021. The loan will carry a fixed rate of 12% per annum and accrued interest is payable monthly commencing on December 1, 2021 and would mature on December 31, 2024. The company may prepay the promissory notes prior to maturity date with no penalty.