Aly Energy Services, Inc. (OTCPK:ALYE) announced a private placement of 15,744,997 common shares at $0.15 per share for gross proceeds of $2,361,749.55 on January 3, 2014. The transaction will include participation from 22 existing investors. The company will issue securities pursuant to exemption provided under Regulation D. The minimum investment accepted from any outside investor is $30,000.

On January 3, 2014, Aly Energy Services, Inc. closed the transaction.