OneRoof Energy Group, Inc. announced that it has entered into an agreement with existing investor, Black Coral Capital, LLC on April 20, 2015. As part of the private placement, the company will issue 46,422,382 common shares at a price of CAD 0.08 per share for gross proceeds of CAD 3,713,791. The transaction is subject to regulatory approval, including the acceptance of the TSXV.

The transaction is subject to four month hold pursuant to Canadian security laws.