Greenhouse Solutions Inc. (OTCPK:GRSU) announced that it has entered into a securities purchase agreement for private placement of two 8% convertible promissory notes at a price of $275,000 per note for gross proceeds of $500,000 on November 18, 2016. The notes will be issued at 10% discount which is equal to $50,000. The company will issue 150,000 series A warrants and 150,000 series B warrants. The notes will bear a fixed interest rate of 8% per annum. The series A warrants are exercisable at $0.096 per share and series B warrants are exercisable at $0.107 per share. The transaction will include participation from new investor SBI Investments LLC, a fund managed by Sea Otter Global Ventures LLC. John George Michak, III represented company in the transaction and Peter Wisniewski and Jonathan Juchno represented SBI INVESTMENTS LLC, 2014-1 in the transaction.