Umax Group Corp (OTCBB:UMAX) announced a private placement of 100,000 shares at $2 per share for gross proceeds of $200,000 with two non-affiliate accredited investors on September 10, 2013. The company will extend offering to issue 400,000 shares for additional proceeds of $800,000 under the same terms and conditions. The company did not engage a placement agent and no commissions or other fees are being paid in connection with the transaction. The company issued securities pursuant to exemption provided under Regulation D.

On September 10, 2013, Umax Group Corp closed the transaction.