Compliance Energy Corp. (TSXV:CEC) announced a private placement of 16,000,000 common shares at CAD 0.025 per share for gross proceeds of CAD 400,000 May 5, 2014. The securities to be issued are subject to a hold period of four month. The transaction is subject to the approval of the TSX Venture Exchange.

On May 29, 2014, the company announced that it has amended the terms of the transaction. The company will issue 15,200,000 common shares for gross proceeds of CAD 380,000. The TSX Venture Exchange has accepted for filing documentation with respect to the non-brokered transaction. The transaction will include participation from 14 placees including James Calhoun O'Rourke, Founder and Chairman, who will invest for 3,000,000 shares and aggregate pro group involvement to be subscribed by a single placee will be for 2,000,000 shares. The company will pay finders' fees of CAD 38,000 in cash to Raymond James Ltd.

On May 30, 2014, Compliance Energy Corp. closed the transaction. The shares issued in the transaction are subject to a four month hold period which expires on October 1, 2014.