Big Three Restaurants, Inc. (OTCPK:BTHR) announced a private placement with new investor Vera Group, LLC for gross proceeds of $1,500,000 on June 14, 2013. The company entered into an agreement with the investor on the same date. The company will issue common shares or receive bridge financing or issue a mix of equity and debt securities to the investor.

The agreement is for 12 months and is on a non-exclusive basis with three additional six month increments.