Sionix Corp. (OTCPK:SINX) announced a private placement of convertible note for gross proceeds of $140,000 on January 25, 2013. The note will bear interest at 10% per annum and will mature on September 30, 2014. The note will be convertible into common shares of the company at a conversion price equal to 80% of the average of the three lowest closing prices for the common stock during the 10 consecutive trading days immediately preceding the conversion request, however the conversion price may not exceed $0.04 and may not be lower than $0.02 per share. The transaction included participation from two accredited investors. The company may redeem the note at any time prior to maturity with 20 days' prior notice to the investors and payment of a premium of 20% on the unpaid principal amount.

On January 25, 2013, Sionix Corp. closed the transaction.