MicroPlanet Technology Corp. (TSXV:MP) announced a non brokered private placement of convertible notes for gross proceeds of CAD 374,000 on April 4, 2013. The notes will mature on December 31, 2013 and bear interest at a rate of 14% per annum payable in arrears upon maturity. The holders of the notes will have the option to convert the principal amount into common shares at a conversion price of CAD 0.10 per share, or receive full repayment in cash at the end of the term. The notes were sold pursuant to 11 qualified investors in Canada and the United States.

On April 4, 2013, MicroPlanet Technology Corp. closed the transaction.