Avra Inc. (OTCBB:AVRN) announced that it has entered into subscription agreement of 600,000 common stock at a price of $0.25 per share with non United States investor for gross proceeds of $150,000 on December 5, 2014. The company will also issue warrant to purchase an aggregate of 600,000 shares of the company's common stock at an exercise price of $0.50 per share for a period of one year from the closing date. Gregg E. Jaclin of Szaferman Lakind Blumstein & Blader, PC acted as legal advisor to company. The issuance and sale of the common stock is exempt from the registration requirements of the Securities Act of 1933, as amended, pursuant to Regulation S thereunder.

On December 5, 2014, Avra Inc. closed the transaction.