Zero Gravity Solutions, Inc. (OTCPK:ZGSI) announced a private placement of one unsecured promissory note from an accredited investor for gross proceeds of $200,000 on December 14, 2017. The company also issued warrants to purchase 50,000 common shares of the company. The note carries a coupon of 10% and will mature on December 13, 2019. The warrants are exercisable within five years of issue at a price of $3 per share. The company may prepay the interest and principal at any time. The transaction is subject to exemption under regulation D.