Basta Holdings, Corp. (OTCBB:BSTA) announced that it has entered into a securities agreement for a private placement of convertible notes for gross proceeds of $500,000 on August 21, 2014. The notes bear a fixed interest rate of 16% per annum and matures after one year. The interest is payable on May 15th of each year. The note is convertible into common stock of the company at a price of $6.70 per share which is the average closing price of common stock. The transaction includes participation from the offshore persons who are not persons based in United States.

On August 21, 2014, Basta Holdings, Corp. closed the transaction.