ICEsoft Technologies Canada Corp. announced that on December 31, 2016 is closed the private placement of one year senior secured notes raising an additional $70,000 for a total of $259,696. The Notes bear interest of 12% with interest paid monthly and mature on December 31, 2017. The Notes are secured against ICEsoft's intellectual property. Proceeds from the Notes will be used to repay short term debt bearing 18% annual interest and for general corporate purposes.