Norstra Energy, Inc. (OTCBB:NORX) announced a private placement of a convertible promissory note at $250,000 per note for gross proceeds of $250,000 with returning investor, Jackson Bennett LLC on July 30, 2013. The note bears an interest rate of 10% per annum and will mature on July 30, 2015. The interest will be payable on maturity date. The note is convertible into shares of the company at conversion price of $0.50 per share. The investor will bear its own fees and expenses.

On September 10, 2013, Norstra Energy, Inc. closed the transaction.