Invent Ventures, Inc. (OTCPK:IDEA) announced a private placement of a convertible promissory note to new investor Aeon Multi Opportunity Fund I, LLC-Series A for gross proceeds of $30,000 on December 30, 2013. The note will mature on December 30, 2014. The note will carry an interest of 12% per annum payable at the earlier of maturity, acceleration or the pre payment of the notes. The note is convertible into common shares of the company at the lower of $0.27 per share or the company's net asset value per share at the time of conversion. As part of the transaction, the company will pay to the investor the costs of collection including the attorney's fees.

On December 30, 2013, Invent Ventures, Inc. closed the transaction.