Cirque Energy, Inc. (OTCPK:EWRL) announced a private placement of a 8% convertible promissory note for proceeds of $47,500 on November 8, 2013. The company issued the note to an individual investor, Matthew Morris. The note will carry a fixed interest of 8% per annum and will be convertible into common shares of the company at a variable conversion price calculated at 65% of the market price which means average trading price during the three trading day period ending on the latest complete trading day prior to the conversion date.