SiVault Systems Inc. (OTCPK:SVTL.Q) announced a private placement of a minimum of 10,000 convertible promissory notes and a maximum of 107,000 convertible promissory notes for gross proceeds of minimum of $10,000 and maximum of $107,000 on June 19, 2018. The minimum amount accepted from any investor is $250. The company expects to receive funding in tranches. The company will accept over-subscriptions. The round is raised at a pre-money valuation of $5,000,000. The company expects to close the transaction on September 18, 2018. The company will receive funding through crowd-funding platform StartEngine Capital, LLC. The company will issue securities pursuant to exemption provided under Regulation C. The company will pay intermediary fees equal to 6% of the gross proceeds to the crowd-funding platform. The company will pay minimum expenses of $600 and maximum expenses of $6,420 in the transaction.