ColorStars Group (OTCPK:CSTU) announced a private placement of 12,825,625 shares at $0.0263504 per share for gross proceeds of $337,961.13 on October 5, 2017. The company issued the shares pursuant to exemption provided under Regulation D. The company and the investors entered into a subscription agreement as part of the transaction. On the same date, the company raised $33,795 in its first tranche from 13 investors.