NaturalNano, Inc. (OTCPK:NNAN) announced that it has entered into a securities purchase agreement for a private placement of a convertible promissory note at a price of $57,000 per note for gross proceeds of $57,000 with accredited investor Auctus Private Equity Management, Inc. on March 21, 2017. The note carries a fixed coupon of 12% per annum and would mature on March 21, 2018. The note is convertible into common shares of the company at a variable conversion price of 50% multiplied by the lowest trading price for the common stock during the 25 trading day period ending on the latest complete trading day prior to the conversion date but not less than $0.001 per share. The notes issued at par value. The company issued securities pursuant to exemption provided under Regulation D.