Medefile International, Inc. (OTCPK:MDFI) announced a private placement of 400,000 common shares at $0.50 per share for gross proceeds of $200,000 on January 20, 2013. The shares are issued to an accredited investor pursuant to Regulation D. A&O Family LLC, an entity managed by Anthony Ivankovich subscribed to all the shares. No fees, commissions or other similar compensation to any broker, finder, investment banker, financial advisor or other similar person in connection with the transactions is paid. Richard A. Friedman from Sichenzia Ross Friedman Ference LLP served as legal advisor to the company.


On January 20, 2013, Medefile International, Inc. closed the transaction.