Neohydro Technologies Corp. (OTCPK:NHYT) announced a private placement of 3,333,334 shares at $0.03 per share for gross proceeds of $100,000 from new investor Craigstone Limited on June 17, 2013. The company also issued a two year warrant to purchase shares for an additional $100,000.

The warrants are exercisable at $0.03 per share. The transaction is expected to close within 90 days which may be extended by consent of both parties to 120 days. The securities to be issued in the transaction are subject to one year restriction.