Archer Petroleum Corp. - 2014-03-25

Arranged private placement of a convertible note whose principal amount is CA$180,000 with Global Resource Investment Trust Plc, a company insider. The note will mature two years from issuance and will bear interest at 11% per year, with interest payable every six months. Note is convertible to 900,000 common shares priced at 20 cents each. Net proceeds should support working capital. Offer’s completion is subject to TSX Venture Exchange approval.