Sofame Technologies Inc. (TSXV:SDW) announced a non brokered private placement of 12,500,000 units at CAD 0.02 per unit for gross proceeds of CAD 250,000 on August 31, 2012. Each unit will consist of one common share and a one half of a common share purchase warrant. Each full warrant will entitle the holder to purchase one additional common share at CAD 0.05 for a period of 12 months. The units will be sold in tranches of CAD 5,000. The shares issued in the transaction have a 12 month hold period. The transaction has been approved by the company's board of directors.

On September 28, 2012, the company issued 3,250,000 units for CAD 65,000. The warrants are exercisable till September 29, 2013.

On October 24, 2012, the company issued 5,000,000 non-brokered units for gross proceeds of CAD 100,000. The warrants are exercisable till October 25, 2013. This brings the total funding raised so far in the transaction to CAD 165,000.

On November 27, 2012, TSX Venture Exchange accepted for filing the documentation for first and second tranche of the transaction. The two tranches saw participation from eight placees.

On December 10, 2012, the company announced that it will issue an additional 4,250,000 units pursuant to the final tranche of the transaction for gross proceeds of CAD 85,000. The transaction is expected to close in 2012.

On February 20, 2013, the company announced that it is in process of raising CAD 85,000. The company has raised CAD 165,000 so far, in tranches of CAD 5,000.

On March 15, 2013, Sofame Technologies Inc. closed the transaction. The company closed the third and the final tranche for CAD 60,000 with an issuance of 3,000,000 units to three placees. The company received CAD 225,000 in this transaction.