Rejuvel Bio-Sciences, Inc.(OTCBB:NUUU) announced that it has entered into a securities purchase agreement for a private placement of a convertible promissory note with neTechnology Applications International Corporationw accredited investor St. George Investments, LLC for gross proceeds of $105,000 on June 5, 2015. The note carries a fixed coupon of 8% per year and would mature after twelve months from closing.

The note is having original principal amount of $110,000, and issued at an original discount of $5,000 for gross proceeds of $105,000. The company will pay $5,000 to the investor for its legal fees, accounting costs, and due diligence. The company also issued no of warrants that are equal to $55,000 divided by conversion price.

The warrants are exercisable at $1 per share and will expire on the last calendar day of the month in which the first anniversary of the issue date occurs. The notes are convertible into company's common share at a conversion price equal to 62% of the lowest closing bid price of the common stock for the twenty trading days prior to conversion.