United Resource Holdings Group, Inc. (OTCPK:URHG) announced a private placement of 12,500,000 common shares at $0.2 per share for gross proceeds of $2,500,000 on March 12, 2013. The round will include participation from Northern Gold Producers, LLC. The company will issue 1,500,000 shares for gross proceeds of $300,000 in the first tranche and 11,000,000 shares for gross proceeds of $2,200,000 in the second tranche. The securities will be issued pursuant to Rule 144 restrictive legend.

On July 22, 2013, United Resource Holdings Group, Inc. closed the transaction. The company issued 8,600,000 shares at $0.10 per share for gross proceeds of $860,000.