Global Vision Holdings, Inc. (OTCBB:GVHI.B) announced a private placement of convertible promissory notes for gross proceeds of $134,000 on April 3, 2013. The transaction included participation from two accredited investors. The notes will carry an interest of 10% per annum and will mature at two years from the date of issue. The notes will be convertible in to class B common stock of the company at the option of the holder at a conversion price under each note equal to 55% multiplied by the market price. The company issued the securities pursuant to exemption provided under Regulation D. Lance McKinlay from Manderson, Schafer & McKinlay LLP served as legal counsel to the company.

On April 3, 2013, Global Vision Holdings, Inc. closed the transaction.