B-Scada, Inc. (OTCPK:MOBS) announced a private placement of 2,424,242 shares at $0.33 per share for gross proceeds of $800,000 on August 4, 2014. The company entered into a stock purchase agreement with new investor Yorkmont Capital Partners, L.P., a fund managed by Yorkmont Capital Management, LLC. There are no brokerage commissions, finder's fees or similar fees or commissions payable by the company in connection with the transaction.