PCS Edventures!.com, Inc. (OTCPK:PCSV) announced a private placement of 8% convertible promissory note with an accredited investor for gross proceeds of $21,500 on January 11, 2013. The note converts at $0.065 per share and matures on January 11, 2016. Interest on the notes will be paid in arrears by cash within 14 days of each successive quarter end in the months of December, March, June or September.

On January 11, 2013, PCS Edventures!.com, Inc. closed the transaction.