Zero Gravity Solutions, Inc. (OTCPK:ZGSI) announced a private placement of an unsecured promissory note with principal face amount of $500,000 along with issuance of a five year warrant with Rio Vista Investments, LLC on October 30, 2017. The note issued have a fixed interest rate of 10% per annum which will be paid quarterly in cash. The company will repay the principal amount of note along with unpaid interest by October 26, 2019. The company may make all unpaid principal and interest prior to the maturity date, without penalty or premium. The warrant issued allows the investor to subscribe up to 50,000 shares at an exercise price of $3 per share. The notes issued are prepaid.