eFleets Corporation (OTCPK:EFLT), formerly known as Numbeer, Inc. (OTCBB:NUMB), announced a private placement of 8% unsecured convertible promissory notes with returning investor Zeus Corp. for gross proceeds of $700,000 on December 17, 2013. The transaction will take place in tranches. The convertible notes will bear interest at the rate of 8% per annum and will mature in one year from the date of issuance. The notes are convertible into 463,576 shares of company's common stock at a conversion price of $1.51 per share. The company will also issue warrants to purchase 231,778 shares of company's common stock at an exercise price of $2.01 per share. The warrants will be exercisable for a period of five years from their initial issuance date.

On the same date, the company closed its first tranche. The warrants issued will expire on December 17, 2018.

On February 28, 2014, eFleets Corporation closed the transaction. The warrants issued will expire on January 6, 2019.