Barfresh Food Group Inc (OTCPK:BRFH) announced that it has entered into a securities purchase agreement for a private placement of 15,625,000 shares at $0.64 per share for gross proceeds of $10,000,000 on November 23, 2016. The transaction included participation from new investor Unibel S.A. (ENXTPA:UNBL). The company also issued series K warrants exercisable into 7,812,500 shares of the company at $0.88 per share for a period of five years maturing on November 23, 2021.

The exercise of warrants will result into additional proceeds of $6,875,000. Pursaunt to the transaction, Isabelle Ortiz-Cochet of Unibel S.A. has joined as director to the company's board. The company issued the securities pursuant to exemption provided under Regulation D.