CIM International Group Inc. announced the closing of the fourth tranche of a previously announced private placement on a non-brokered basis raising additional gross proceeds of $2,000,000 by issuing three-year term secured debentures bearing interest calculated at a rate of 13.5% per annum payable semi-annually. The Debentures are secured by 2,000,000 class A limited partner units owned by the company in the capital of CIM Mackenzie Creek Limited Partnership which are redeemable at $1.00 per class A unit on a date which approximates the maturity of the debentures and earn a 20% annual distribution for the period they remain outstanding. The company raised aggregate gross proceeds of $4,890,000 since the beginning of the private placement. Net proceeds of the private placement were used to purchase a three-year term secured debenture bearing interest calculated at a rate of 20% per annum payable semi-annually from Bayview Creek (CIM) LP, the beneficial owner of the Bayview Creek residential development project located at 10747 Bayview Avenue, Richmond Hill, Ontario, Canada. This Investment is secured by (i) a covenant to provide a mortgage against the title of the said real estate project in the event of default of the Investment or an event of default under any mortgage on title to the said real estate project, and (ii) a negative pledge containing certain covenants common in mortgage transactions, including a covenant not to further encumber the said real estate project without the prior written consent of the company.