Compliance Energy Corp. announced that it expects to receive CAD 0.40 million in funding.
On May 29, 2014, the company announced that it has amended the terms of the transaction. The company will issue 15,200,000 common shares for gross proceeds of CAD 380,000. The TSX Venture Exchange has accepted for filing documentation with respect to the non-brokered transaction. The transaction will include participation from 14 placees including James Calhoun O'Rourke, Founder and Chairman, who will invest for 3,000,000 shares and aggregate pro group involvement to be subscribed by a single placee will be for 2,000,000 shares. The company will pay finders' fees of CAD 38,000 in cash to Raymond James Ltd.