Nutrastar International wraps $180,000 private placement of 12% notes

Promissory notes sold to investors along with 673,853 common shares

By Devika Patel

Knoxville, Tenn., Nov. 20 – Nutrastar International Inc. settled a $180,000 private placement of promissory notes with Accretive Capital Partners, LLC, Richard Fearon and Robert Tick on Nov. 16, according to an 8-K filed Friday with the Securities and Exchange Commission.

The 12% note is due March 16, 2016.

The investors also received 673,853 common shares.

The Harbin, China, nutraceutical company produces and distributes Chinese Golden Grass and organic and specialty food products in China.

Issuer:	Nutrastar International Inc.
Issue:	Promissory notes, 673,853 common shares
Amount:	$180,000
Maturity:	March 16, 2016
Coupon:	12%
Warrants:	No
Investor:	Accretive Capital Partners, LLC, Richard Fearon, Robert Tick
Announcement date:	Nov. 16
Stock symbol:	OTCBB: NUIN
Stock price:	$0.71 at close Nov. 13
Market capitalization:	$9.84 million

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