QualityStocks
would like to highlight Stevia Corp. (OTCBB: STEV), a farm management company
focused on best practice agronomic competency in order to deliver high value
stevia through proprietary plant breeding, excellent agricultural methodologies,
and innovative post-harvest techniques. To date, the company has acquired two
grower supply contracts and three nursery fields in Vietnam.
In the
company’s news yesterday,
Stevia Corp. announced
that it has entered into an Equity Purchase Agreement of up to $20,000,000 of
the company's registered common stock by Southridge Partners II, LP, an
institutional investor based in Ridgefield, Connecticut. This funding will
enable Stevia Corp. to further accelerate its commercial development of stevia
and related markets.
Pursuant to the agreement, Stevia has the right, at its discretion, to sell to Southridge up to $20 million of its common stock from time to time over a 36-month period. The company will have the right, but is not obligated, to sell stock to Southridge depending on certain conditions as set forth in the agreement. Both parties have also entered into a Registration Rights Agreement under which, the company agreed to file a registration statement with the Securities and Exchange Commission with respect to the Shares.
Mr. George
Blankenbaker, Stevia Corp. President, comments, "This is an important
milestone for Stevia Corp. to have accomplished. We have attracted and won the
confidence of a forward-thinking institutional investor which says a lot about
their conviction regarding our vision, management approach, and overall market
demand. Having a flexible and low cost funding instrument in place allows us to
efficiently accelerate our commercialization and acquisition strategies."
Further details of the company's business, finances, appointments and agreements can be found as part of the company's continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ("SEC") EDGAR database.
About
QualityStocks
QualityStocks, based in Scottsdale, Arizona, is a free service that collects data from hundreds of Small-Cap and Micro-Cap online Investment Newsletters into one Daily Newsletter Report. QualityStocks is dedicated to assisting emerging public companies with their investor communication efforts and connecting subscribers with companies that have huge potential to succeed in the short and long-term future.
To sign up for The QualityStocks Daily Newsletter, please visit www.QualityStocks.net
To connect with QualityStocks via Facebook, please visit http://Facebook.com/QualityStocksPage
To connect with QualityStocks via Twitter, please visit http://Twitter.com/QualityStocks
Please read FULL disclaimer on the QualityStocks website: http://Disclaimer.QualityStocks.net
Forward-Looking
Statement:
This release
may contain forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended. All forward-looking statements are inherently
uncertain as they are based on current expectations and assumptions concerning
future events or future performance of the company. Readers are cautioned not
to place undue reliance on these forward-looking statements, which are only
predictions and speak only as of the date hereof. Risks and uncertainties
applicable to the company and its business could cause the company's actual
results to differ materially from those indicated in any forward-looking
statements.
