Baron Energy, Inc. (OTCPK:BROE) announced a private placement of common shares for gross proceeds of $400,000 on May 9, 2012. The securities will be issued pursuant to Regulation D. As of July 30, 2012, the company has raised $115,000 from three investors. On February 21, 2013, the company announced that it will issue 6,250,000 shares at a price of $0.032 per share to Ronnie L. Steinocher, Chairman and Chief Executive Officer and Lisa P. Hamilton, Executive Vice President and Chief Financial Officer who will invest $100,000 each for subscribing to 3,125,000 shares each. The board has approved the issuance.