SurePure, Inc. (OTCPK:SURP) announced that it has entered into a securities purchase agreement with new investor LG Capital Funding, LLC for a private placement of 4% convertible redeemable note due April 27, 2018 for gross proceeds of $38,610 on April 27, 2017. The notes carry a fixed coupon of 4% per annum and would mature on April 27, 2018. The note is issued at an original issue discount of 10%, for gross proceeds of $42,900. The note is convertible into shares of common stock, par value $0.001 per share at the option of its holder at a conversion price equal to 55% of the average of the three lowest trading prices common stock for the last 15 trading days prior to conversion. The company will issue securities pursuant to exemption provided under Regulation D.