FBEC Worldwide, Inc. (OTCPK:FBEC) announced a private placement of a convertible promissory note for gross proceeds of $200,000 on February 7, 2017. The note carries a principal value of $225,000 and will be issued at a original issue discount of $25,000 which is 11.111111%. The transaction included participation from Crown Bridge Partners, LLC. The note is convertible at a 42% discount to the lowest intraday trading price within the twenty five trading days prior to a conversion notice being submitted to the company’s transfer agent. The note will mature at 12 months from the date of issue.