Sionix Corp. (OTCPK:SINX) announced a private placement of convertible notes for gross proceeds of $60,000 on March 13, 2013. The notes will bear interest at 10% per annum and will mature on September 30, 2014. The notes will be convertible into common shares of the company at a conversion price of $0.02 per share. The transaction will include participation from five accredited investor. The company may redeem the notes at any time prior to maturity with 20 days' prior notice to the investors and payment of a premium of 20% on the unpaid principal amount.

On March 13, 2013, Sionix Corp. closed the transaction.