Eventure Interactive, Inc. (OTCBB:EVTI) announced that it has entered into a securities purchase agreement for a private placement of two convertible promissory notes at $125,000 per note for gross proceeds of $250,000 with new accredited investor FireRock Global Opportunities Fund, L.P., a fund managed by FireRock Capital Advisors, LLC on January 6, 2015. The initial note have a principle amount of $137,500 and second note have a principle amount of $262,500 to be issued at a 10% discount. The notes carry a fixed coupon of 1% per annum and have six month terms. The note is convertible into common shares of the company at a conversion price equal to a 10% discount to the offering price to investors in the offering. The notes can be prepaid in whole or in part, at any time prior to maturity, upon three trading days prior written notice, at a premium of 135%. Default interest, at the rate of 15% per annum, will become due in the event that we fail to pay principal or interest when due on the notes. The notes are convertible at any time after issuance at the lower of $0.20 per share or 60% of the volume weighted average price for our common stock during the three consecutive trading days immediately preceding the trading day on which we receive a notice of conversion. The company also issued warrants to purchase 500,000 common shares at an exercise price of $0.50 per share for a period of five years from the date of closing. The company wishes to issue 250,000 restricted shares of to the investor as additional consideration for the purchase of the notes. The company issued the securities pursuant to exemption provided under Regulation D. Scott E. Rapfogel of Crone Kline Rinde LLP acted as legal advisor to the company and Lawrence A. Rosenbloom, Esq. of Ellenoff Grossman & Schole LLP acted as legal advisor to the investor.

On January 6, 2015, Eventure Interactive, Inc. closed the transaction.