Puget Technologies,Inc (OTCPK:PUGE) announced that it has issued 8% convertible redeemable note to HGT Capital for gross proceeds of $50,000 on January 28, 2015. The note bears an interest at a rate of 8% per annum. The note will mature on July 28, 2016. The notes issued to HGT Capital were issued at 7% original discount.


On January 29, 2015, Puget Technologies,Inc closed the transaction. The company issued 8% convertible redeemable note to LG Capital Funding, LLC for gross proceeds of $53,500. The note shall contain a 7% original issue discount and the purchase price of the note shall be $50,000. The note bears an interest at a rate of 8% per annum. The note will mature on January 28, 2016. The company incurred all expenses in the transaction.