On January 2, 2014, Ironstone Group Inc. closed the transaction.(OTCPK:IRNS) announced a private placement of 131,429 shares at a price of $1.75 per share for gross proceeds of $230,000 on January 2, 2014. The transaction included participation from new and existing shareholders of the company including participation from Thomas Thurston and Robert Hambrecht, Directors of the company, from Elizabeth Hambrecht, Chief Financial Officer, and from Helen Miazga, Secretary of the company. The shares issued in the transaction represent 7% of the outstanding equity securities of the company.

On January 2, 2014, Ironstone Group Inc. closed the transaction.