Stevia Corp. (OTCPK:STEV) announced that it has entered into a securities purchase agreement for a private placement of an original issue discount senior convertible debenture due June 30, 2016 for gross proceeds of $1,000,000 on December 30, 2014. The transaction included participation from existing accredited investor Anson Investments Master Fund, L.P., a fund managed by Anson Group. The company issued securities to a single investor pursuant to exemption provided under Regulation D. The principle amount of debenture of $1,250,000 is issued with an original issue discount of 20%. Debenture carries a fixed interest rate of 2% per annum, payable monthly in cash and would mature on June 30, 2016. Debenture can be convertible into common stock of the company at a fixed conversion price of $0.125 per share. The company has also issued 10,000,000 warrants to purchase common shares of the company at an exercise price of $0.12 per share for a period of seven years starting June 30, 2015. The warrants are exercisable at any time on or after June 30, 2015. Monthly payments of the debenture will begin after six months from the closing date. The agreement includes certain restrictions on and a right of first refusal for future financings by the company. The company has agreed to reimburse the non-accountable sum of $20,000 for its legal fees and expenses to Anson Investments Master Fund, L.P. Garden State Securities, Inc. acted as placement agent to the company and will receive cash commissions equal to $60,000, or 6% of the gross proceeds and up to 600,000 agent warrants to purchase common shares of the company, representing 6% of the securities issued in the transaction, on the same terms as the warrants issued in the transaction. Mark Lee of Greenberg Traurig, LLP acted as legal counsel to the company. Ellenoff Grossman & Schole LLP acted as legal counsel to the investor.

On December 30, 2014, Stevia Corp. closed the transaction.