Chief Executive Officer and Director of the Avra, Stephen Shepherd, acquired 56.27% stake in Avra Inc. (OTCBB:AVRN) from David Bailey for $0.06 million on November 26, 2014. In lieu of payment of the $0.6 million purchase price, Bailey will be granted the rights to market the Avra's intellectual properties in the Country of Jamaica within the next 12 months of the signing of the agreement. As apart of transaction, Stephen Shepherd will assist Avra to raise at least $0.1 million within 6 months of the date of the transaction.

Chief Executive Officer and Director of the Avra, Stephen Shepherd, completed the acquisition of 56.27% stake in Avra Inc. (OTCBB:AVRN) from David Bailey on November 26, 2014.