SurePure, Inc. (OTCPK:SURP) announced a private placement of 170,000 common shares at $1 per share for gross proceeds of $170,000 on November 22, 2013. The company will issue the shares to existing investor Regency Capital Corporation for the whole amount. The shares will be purchased during the period ending November 30, 2013. The investor will have right to purchase up to 430,000 shares at a cash purchase price equal to the greater of $1 per share and 92% of the volume-weighted average trading price of common shares during the 20 trading day period ending on the day that is 3 trading days prior to the closing of the purchase and sale of these shares. The company will issue the securities pursuant to exemption provided under Regulation D and pursuant to Regulation S. The transaction is expected to close not later than November 30, 2013. No brokerage or finder's fees or commissions will be paid. William A. Newman from Barton LLP advised the company with respect to the transaction.

On November 25, 2013, the company announced that it has received funding.

As of January 31, 2014, the company has issued additional 430,000 shares for gross proceeds of $430,000 to Regency Capital Corporation in the second tranche close. The company has received aggregate gross proceeds of $600,000 in the transaction.

On February 13, 2014, the company announced that it has entered into an amendment to the share purchase agreement with the investor. The investor will now have a right to purchase additional 500,000 shares prior to March 31, 2014, at a cash purchase price equal to the greater of $1 per share and 92% of the volume-weighted average trading price of common shares during the 20 trading day period ending on the day that is 3 trading days prior to the closing of the purchase and sale of these shares.

As of February 18, 2014, the company announced that it has issued additional 240,000 shares for gross proceeds of $240,000. The company has received aggregate gross proceeds of $840,000 in the transaction.

On March 19, 2014, the company announced that it has entered into second amendment to the share purchase agreement with the investor. The investor will now have a right to purchase up to an additional 1,000,000 shares of the company prior to June 30, 2014 on the terms similar to the first amendment.

As of March 25, 2014, the company announced that it has issued 440,000 shares of the 500,000 shares as per the amendment on February 13, 2014.

On June 24, 2014, the company announced that it has entered into third amendment to the share purchase agreement with the investor. Pursuant to the amendment, the period of time for purchase of shares by the investor has been extended to September 30, 2014.

The transaction became effective as of December 24, 2014.