Starstream Entertainment, Inc. (OTCBB:SSET) announced a private placement of 1,084,337 shares at a price of $0.83 per share for gross proceeds of $900,000 on October 8, 2013. The company will issue securities to accredited investors. The company may pay placement agent's fees of not more than 8% of the gross proceeds of the transaction and issue shares representing not more than 8% of the shares to be issued in the transaction. The company will issue securities pursuant to exemption provided under Regulation D. The company may appoint finders'/brokers for the transaction.

On the same day, the company issued 602,410 shares for gross proceeds of $500,000 to five investors.

On November 13, 2013, the company announced that it has received funding in tranche closing.