Hypertension Diagnostics Inc. (OTCPK:HDII) announced a private placement of 8% convertible promissory notes for gross proceeds of $42,500 on December 3, 2012. The transaction will see participation from Asher Enterprises, Inc. The notes have maturity date of September 12, 2013 and are convertible into company's common shares at the variable conversion price of 58% multiplied by the market price. Bernard S. Feldman of Naidich Wurman Birnbaum & Maday, LLP served as the legal advisor to Asher Enterprises, Inc. The securities will be issued pursuant to Regulation D.