Caliber Imaging & Diagnostics, Inc. (OTCBB:LCDX) announced that it has entered into a subscription agreement with existing investor L. Michael Hone, Chief Executive Officer of the company, for a private placement of 200,000 shares at $1 per share for gross proceeds of $200,000 on June 5, 2014. The company issued the securities pursuant to exemption provided under Regulation D. The investor may be entitled to additional shares and a warrant in the event of a qualified financing by the company.

On June 5, 2014, Caliber Imaging & Diagnostics, Inc. closed the transaction.