Las Vegas Railway Express, Inc. (OTCPK:XTRN) announced that it has entered into a security purchase agreement with new investor Ascendiant Capital Partners, LLC for gross proceeds of $10,000,000 on April 1, 2014. The company will issue common shares to the investor from time to time on an equity line basis.

On June 24, 2014, Las Vegas Railway Express, Inc. cancelled the transaction.