ColorStars Group (OTCPK:CSTU) announced a private placement of 12,000,000 shares at $0.034188 per share for gross proceeds of $410,256 on February 5, 2018. The transaction included participation from 23 accredited investors. The securities are restricted in nature. The company issued securities pursuant to exemption provided under Regulation D and Section 4(2) of the Securities Act.