GASE Energy, Inc. announced that it has received $1.58 million in funding.
On the same date, the company closed the first tranche of the transaction. The company issued 50,000 shares for gross proceeds of $50,000 to an accredited investor.
On August 28, 2014, the company issued additional 25,000 shares for gross proceeds of $25,000 in its second tranche to an accredited investor. The company has raised $75,000 in the transaction.
On September 8, 2014, Great East Energy, Inc. closed the transaction. The company has received $1,500,000 in third tranche. The company has received total funding of $1,575,000 in this transaction from 8 investors. The company paid sales commission of $157,500 in connection with this transaction.