Mericol, Inc (OTCBB:MRCI) announced a private placement of 102,740 shares at $14.60 per share for gross proceeds of $1,500,004 on July 27, 2012. The company will issue the shares pursuant to Regulation D. The shares were subscribed by eight accredited investors in the transaction. The minimum investment accepted from any outside investor is $56,250. The company did not pay any sales commission in relation to the transaction. On July 27, 2012, Mericol, Inc closed the transaction.