Stevia Corp. (OTCBB:STEV) announced a private placement of 1,066,667 common shares at $0.46875 per share with certain institutional investors for gross proceeds of $500,000 on August 1, 2012. The company will also issue warrants to purchase 1,066,667 shares at an exercise price of $0.6405 with a term of five years. The round includes participation from two investors. The securities will be issued pursuant to Regulation D. Garden State Securities, Inc. will serve as placement agent to the company and will receive $40,000 as commission in cash and a warrant to purchase up to 85,333 shares at an exercise price of $0.6405 per share for a period of five years.

On August 6, 2012, Stevia Corp. closed the transaction. The round included participation from Anson Investments Master Fund LP, a fund managed by Anson Group and other accredited investors. Greenberg Traurig, LLP acted as the legal counsel for the company and Ellenoff Grossman & Schole LLP acted as the legal advisor for Anson Group.