Norstra Energy, Inc. (OTCBB:NORX) announced a private placement of a secured convertible promissory note at $100,000 per note for gross proceeds of $100,000 on February 27, 2013. The note bears an interest rate of 10% per annum, payable on March 1 of each year, with a maturity date of February 27, 2015, and a conversion price of $0.25 per share. The note will be subscribed by Jackson Bennett, LLC. The parties to the transaction will bear their own fees and expenses.

On February 27, 2013, Norstra Energy, Inc. closed the transaction.