SurePure, Inc. (OTCPK:SURP) announced a private placement of 600,000 common shares at $1 per share for gross proceeds of $600,000 on October 25, 2013. The company will issue the shares to existing investor Regency Capital Corporation for the whole amount. The company will issue the securities pursuant to exemption provided under Regulation D and pursuant to Regulation S. No brokerage or finder's fees or commissions will be paid. William A. Newman from Barton LLP acted as legal advisor to the company. The shares will be issued one or more tranches till October 31, 2013.

On October 31, 2013, SurePure, Inc. closed the transaction.