Stevia Nutra Corporation (OTC:BB STNT) (the Company)
, an Agro-Management company focused on stevia agronomics, today released news that it has entered into a financing agreement with Fairhills Capital Offshore Ltd.
Effective August 20, 2012, Stevia Nutra Corp. entered into a financing agreement with Fairhills Capital Offshore Ltd., a division of Fairhills Group headquartered in White Plains, New York, whereby Fairhills will provide for a non-brokered financing arrangement of up to $3,000,000. The financing allows, but does not require, the Company to issue and sell up to the number of shares of common stock having an aggregate purchase price of $3,000,000 to Fairhills subject to an effective registration statement having been filed for the stock.
In connection with the financing agreement, the Company also entered into a securities purchase agreement with Fairhills. Pursuant to the agreement, Fairhills has agreed to purchase 312,500 shares of our common stock at $0.24 per share for total proceeds of $75,000.
“This financing agreement will support the growth and expansion of our growing operations in Southeast Asia and provide the required cash flow for general and administrative expenditures during the Company’s development stage,” says Company president Brian Dicks. “We are very pleased to be working with a quality firm like Fairhills Group as we grow our Company forward.”
Stevia Nutra is an Agro-Management company focused on stevia agronomics which includes plant breeding, proprietary agricultural practices and post-harvest techniques. Stevia Nutra intends to invest heavily in R&D and IP acquisition and manage large-scale plantations for the production of high value stevia products.
Stevia Nutra is dedicated to utilizing best agronomic and business practices to demonstrate the sustainability and profitability of stevia production. By subscribing to, and implementing the performance standards published by the World Bank, Stevia Nutra is committed to becoming the premier producer of the highest quality stevia. Stevia Nutra recognizes the potential this remarkable plant has to reduce the global epidemic of obesity and diabetes and promote general good health. The Company's priority will be to embrace sustainability, innovation to promote profitable growth.