New Issue: Natural Nutrition sells $9.3 million of convertible notes

By Sheri Kasprzak

New York, June 6 - Natural Nutrition, Inc. settled a private placement of secured convertible notes for $9,292,894.

Cornell Capital Partners, LP bought the 12% notes due June 1, 2012.

The notes are convertible into common shares at the lesser of $0.05 each and 80% of the lowest daily weighted average price of the company's stock during the five trading days immediately before conversion.

Natural issued warrants for 62,508,179 shares to Cornell, exercisable at $0.01 each.

Located in Houston, Natural Nutrition is a loan brokerage company.

Issuer:	Natural Nutrition, Inc.
Issue:	Secured convertible notes
Amount:	$9,292,894
Maturity:	June 1, 2012
Coupon:	12%
Price:	Par
Yield:	12%
Conversion price:	The lesser of $0.05 and 80% of the lowest daily weighted average price for the five trading days before conversion
Warrants:	For 62,508,179 shares
Warrant strike price:	$0.01
Investor:	Cornell Capital Partners, LP
Settlement date:	May 31
Stock symbol:	OTCBB: NNTN
Stock price:	$0.01 at close May 31

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