Arete Industries, Inc. (OTCPK:ARET) announced that it entered into a private placement of unsecured promissory note with new lender DNR Oil & Gas, Inc. for gross proceeds of $792,151 on January 1, 2014. The note carries coupon of 2.5% for the years 2014 and 2015, 4% for the year 2016, 6% for the year 2017, and 8% for the year 2018 and would mature on January 1, 2019.