Latteno Food Corp. (OTCPK:LATF) announced a private placement of convertible debt for gross proceeds of $250,000 on November 5, 2013. The securities will be issued to a Vietnam based hedge fund group. The convertible debt is payable in 10 years and bears a fixed coupon of 5% per annum. The company will receive net proceeds of $900,000 in the transaction. The company expected to receive $1,000,000 in funding.

On November 5, 2013, Latteno Food Corp. closed the transaction.