Joey New York, Inc. (OTCPK:JOEY) announced that it has entered into agreement with two investors for private placement of convertible note and shares for gross proceeds of $8,012,500 on August 1, 2017. The company will issue a nine-month $600,000 convertible note and will issue shares of $2,000,000 to one investor and will issue a seven-month $412,500 convertible promissory and an equity purchase agreement for up to $5,000,000. The agreements are subject to numerous terms and conditions.