New Issue: New Leaf Brands wraps $1.5 million private placement of notes, stock

By Devika Patel

Knoxville, Tenn., Dec. 1 - New Leaf Brands, Inc. completed a $1.5 million private placement of notes and stock on Nov. 24, according to an 8-K filed Tuesday with the Securities and Exchange Commission.

The securities were sold in units of a $100,000 senior secured note and 24,000 common shares. The company sold 15 units.

The notes mature on May 24, 2010 and bear interest at the rate of 10% per year.

Based in Orangeburg, N.Y., New Leaf Brands is a private beverage manufacturer.

Issuer:	New Leaf Brands, Inc.
Issue:	Units of a $100,000 10% senior secured note and 24,000 common shares (360,000 shares total)
Amount:	$1.5 million
Units:	15
Settlement dates:	Nov. 24
Notes
Maturity:	May 24, 2010
Coupon:	10%
Price:	Par of $100,000
Yield:	10%

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