CW Petroleum Corp. announced a private placement of minimum of 10,000 common shares and maximum of 1,000,000 common shares at $1 per share for minimum gross proceeds of $10,000 and maximum gross proceeds of $1,000,000 on August 9, 2018. The minimum amount accepted from any investor is $600. The company expects to receive funding in tranches. The company expects to close the transaction on November 12, 2018. The company will receive funding through crowd-funding platform GrowthFountain Capital, LLC. The company will pay intermediary fees equal to 6% of the gross proceeds alongwith pass-through and registration fees to the crowd-funding platform. The company will receive minimum net proceeds of $9,400 and maximum net proceeds of $940,000 in the transaction. The company will receive funding pursuant to exemption provided under regulation CF. The company has reported total assets of $794,936; total debt of $544,769; cash and cash equivalents of $28,800; net debt of $515,969; shareholder’s deficit of $36,955; revenue of $3,368,297; operating loss of $369,419; net loss of $392,213; and net loss per share of $0.03 for the year ended December 31, 2017.