Zenosense, Inc. (OTCPK:ZENO) announced that it has entered into a securities purchase agreement for private placement of a convertible note with an accredited investor for gross proceeds of $40,000 on April 20, 2016. The note bears interest at a rate of 5% per annum and will mature on April 19, 2018. The note will be issued at par.

The note may be prepaid at any time beginning the issue date and ending 90 days after the issue date. The note is convertible into 40,000,000 common shares at a price of $0.001 per share, starting September 20, 2016. The investor will not own more than 4.99% stake in the company upon conversion.

The investor is a non-United States based sophisticated and accredited investor. The company will issue securities pursuant to exemption provided under Regulation D.