CBM Asia Development Corp. (TSXV:TCF) announced a non-brokered private placement of 50,000,000 shares at CAD 0.10 per share for gross proceeds of CAD 5,000,000 on July 26, 2013. The transaction is expected to close in several tranches. The transaction will see participation from the management of the company who will invest for up to 10% stake. The company will pay a cash finder's fee of 6% on the gross proceeds from eligible dealers and finders. The first tranche is expected to close by August 2, 2013. The transaction is subject to approval from the TSX Venture Exchange. The securities issued as part of the transaction will be subject to a hold period of four months and one day from the date of closing.

On August 6, 2013, the company announced that the first retail tranche has been filled and is expected to close immediately following the release of the company's pending operational update news release. The first tranche included participation from Palisade Capital Corp., which invested for 520,000 shares for gross proceeds of CAD 52,000. A second retail tranche is currently being placed with indications of an additional CAD 1,000,000. The management tranches are expected to close shortly thereafter. The company will also issue finder options equal to 5% of the total shares issued. Each finder's warrant will entitle the holder to purchase one common share of the company at CAD 0.10 for a period of 12 months after closing.

On August 26, 2013, the company announced that it has received CAD 860,000 in the first tranche close. The company issued 8,600,000 common shares and paid CAD 36,750 as finder's fee in the first tranche. The company also announced that it expects to close the second tranche by the first or second week of September, 2013. The company has received agreements from management and directors to acquire a total of 5,177,342 common shares for gross proceeds of CAD 517,734. All securities issued in the first tranche are subject to a hold period expiring on December 24, 2013.

On November 25, 2013, CBM Asia Development Corp. closed the transaction. The company issued 12,120,000 common shares for gross proceeds of CAD 1,212,000. 13 placees. The round included participation from 13 places. The company paid CAD 15,120 to Quam Securities Co. Ltd, CAD 33,000 and 330,000 warrants payable to Share Asset Resources PTE Ltd., and CAD 3,750 to Matt Tremblay in the transaction.