NaturalNano raises $2.15 million through convertible notes placement

Funds used by subsidiary to participate in auction of 30,000 Bitcoins

By Devika Patel

Knoxville, Tenn., June 24 – NaturalNano, Inc. sold $2.15 million of secured convertible promissory notes in a private placement on June 20, according to an 8-K filed Tuesday with the Securities and Exchange Commission.

Proceeds were used by subsidiary Bitcoin Bidder Inc. in connection with its application to participate in the auction by the U.S. Marshals Service of 30,000 Bitcoins seized by the FBI.

Located in West Henrietta, N.Y., NaturalNano is a nanomaterials production company.

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