iGAMBIT, Inc. (OTCPK:IGMB) announced that it has entered into a common stock subscription agreement with accredited investor, GMI19, LLC for a private placement of 2,000,000 common shares at a price of $0.05 per share for gross proceeds of $100,000 on January 27, 2017. The securities issued were restricted. The securities were issued pursuant to exemption provided under Regulation D.