333D Limited (ASX:T3D) announced a private placement of minimum of 250,000 and maximum of 600,000 redeemable convertible notes at an issue price of AUD 1 per note for maximum gross proceeds of AUD 600,000 on January 19, 2018. The transaction is expected to close on June 30, 2018. A tranche totaling 250,000 notes raising AUD 250,000 will be raised from company’s chairman John Conidi. The conversion of notes will require shareholder’s approval. The notes will carry an interest of 12% and will mature in 2 years.