Sionix Corp. (OTCPK:SINX) announced a private placement of convertible promissory note fr gross proceeds of $67,500 with new investor, JMJ Financial, Inc. on April 11, 2013. The note will bear interest at 10% per annum and will mature on April 11, 2014. The principal amount of the note is $75,000 and the note is being issued at a discount of 10%. The note will be convertible into common shares of the company at a conversion price equal to 60% of the three lowest closing price of the company's common stock for a period of 20 trading days, but no lower than $0.03 per share. The company has an optional right of redemption at any time before 90 days, after which prepayment may not be made without prior approval from the lender and a one-time interest charge of 12% will be applied to the amount. The note also provides for up to an additional $175,000 to be provided to the company at the lender's sole discretion.

On April 11, 2013, Sionix Corp. closed the transaction.