Event Cardio Group Inc. (OTCPK:ECGI) announced that it has entered into a non-binding term sheet for a private placement of 24,250,000 common shares with R.J. Capital Management, Ltd, a Hong Kong based investor for gross proceeds of $4,000,000 on March 18, 2015. As a part of the round, the investor will acquire a total of 20% stake in the company.