Sionix Corp. (OTCPK:SINX) announced a private placement of convertible promissory note for gross proceeds of $139,500 with new investor Tonaquint, Inc. on April 19, 2013. The principal amount of the note is $155,000 and the note is being issued at a discount of 10%. The note will bear interest at 8% per annum and will mature on August 19, 2014. The note will be convertible into common shares of the company at a conversion price of $0.03 per share. The company also issued 1,033,333 five year warrants in the transaction. The warrants are exercisable into common shares of the company at an exercise price of $0.06 per share. The company paid a fee of $5,000 to the investor in connection with the transaction. In the event of default the note will bear interest at 18% per annum. Beginning on a date that is 180 days after the date of issuance of the note, the company will pay, on a monthly basis, the greater of $15,500, plus the sum of any accrued and unpaid interest as of the applicable installment date and accrued, and unpaid late charges, if any, under the note as of the applicable installment date, and any other amounts accruing or owing to the investor or the then outstanding balance of the note divided by the number of installment dates remaining prior to the maturity date.

On April 19, 2013, Sionix Corp. closed the transaction.