Verus International, Inc. announced that it has received $0.53 million in funding
January 26, 2018
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RealBiz Media Group, Inc. (OTCPK:RBIZ) announced a private placement of promissory note for gross proceeds of $530,000 on January 26, 2018. The note carries a interest rate of 12% per annum and would mature on January 26, 2019. The note is convertible into common shares at a conversion price equal to the lowest closing price of its common stock during the 15 trading days prior to the date the holder gives notice of the default to the company. The company shall have the right to prepay the note. The transaction will include participation from Donald P. Monaco, as trustee of the Donald P. Monaco Insurance Trust.
Verus International, Inc. is a multi-line consumer packaged goods (CPG) company developing branded product lines in the United States and on a global basis. The Company is focused on international consumer packaged goods, foodstuff distribution and wholesale trade. The Company markets its consumer food products under its own brand primarily to supermarkets, hotels, and other members of the wholesale trade. The Company provides frozen foods, particularly meat, poultry, seafood, vegetables, and French fries with beverages. It also provides cold-storage facilities and is seeking sources for fresh fruit, produce and similar perishables, as well as other consumer packaged foodstuffs. The Company has its regional presence in the Middle East and North Africa (MENA) and sub-Saharan Africa, with deep roots in the Gulf Cooperation Council (GCC) countries, which includes the United Arab Emirates (UAE), Oman, Bahrain, Qatar, Kingdom of Saudi Arabia and Kuwait.
VERUS INTERNATIONAL, INC. 
