Life Stem Genetics Inc. (OTCBB:LIFS) announced a private placement of 1,000,000 units at $1 per unit for gross proceeds of $1,000,000 on October 19, 2013. Each unit will consist of one common share and one warrant. Each warrant will entitle the holder to acquire one common share at $1 per warrant Share for a period of one year from closing. The transaction is expected to close within 45 days from the announcement.

On November 18, 2013, Life Stem Genetics Inc. closed the transaction.