Rangeford Resources, Inc. (OTCPK:RGFR) announced a private placement of a revolving credit note for gross proceeds of $750,000 with new lender Cicerone Corporate Development, LLC on September 4, 2013. The credit note carries a coupon of LIBOR plus 2.75% per annum and would mature on February 1, 2014. The interest is payable semi-annually on June 30 and December 31 of each year. If the outstanding amount on the maturity date is not paid, then the interest rate shall increase to the lesser of 12% or the maximum rate of interest permitted by law. As an inducement the company has issued 1,500,000 shares of common stock to the lender.

On September 4, 2013, Rangeford Resources, Inc. closed the transaction.