Net Talk.com, Inc. (OTCPK:NTLK) announced a private placement of restricted common shares at $0.14 per share and pre-paid warrants for gross proceeds of $837,373 with new accredited investor, Telestrata LLC on March 11, 2014. The company has signed restricted stock and warrant purchase agreement. The company will also issue a warrant entitling the investor to purchase common shares of the company. The warrant will be exercised on March 11, 2015 at $0 per share. On exercise of warrants, the company will issue 20% of the common share of the company on that date. The par value of shares is $0.001 per share. The shares are issued at premium. The company issued securities pursuant to exemption provided under Regulation D. No broker or agent or investment bank is hired with respect to the transaction. Carlos Cruz-Abrams of Kendall, Koenig & Oelsner PC acted as legal advisor to the investor.

On March 11, 2014, Net Talk.com, Inc. closed the transaction.