Great East Energy, Inc. (OTCBB:GASE) announced a private placement of 1,385 shares at $56 per share for gross proceeds of $90,000 on June 30, 2013.

As of the same date, the company has received the funding.

On July 25, 2013, the company announced that it will receive minimum gross proceeds of $500,000 and maximum gross proceeds of $4,000,000 in the best-efforts private placement. The company expected to issue a minimum of 8,929 and maximum of 71,429 shares at $56 per share. The company has issued 10,982 shares in the transaction for $615,000. The shares were issued to accredited investors. The company issued securities pursuant to exemption provided under Regulation D and/or Regulation S. Daniel J. McClory of Hunter Wise Securities, LLC acted as lead placement agent to the company. Darren L. Ofsink of Ofsink, LLC acted as legal advisor to the company. The company will pay sales commission of $61,500 to the agent.

On August 2, 2013, the company announced that it has issued 3,517 common shares at $56 per share for gross proceeds of $200,000 to an accredited investor.

On August 8, 2013, the company announced that it has issued additional 4,910 shares for proceeds of $275,000 in the transaction.

On October 8, 2013, the company announced that it has issued 350,000 shares at $1 per share for gross proceeds of $350,000.

During the three months ended September 30, 2013, the company announced that it has issued 1,089,928 shares at $1 per share for gross proceeds of $1,089,928 shares to an accredited investor. The company paid $89,593 in offering cost.

As of February 11, 2014, the company has received $1,490,000 from eight investors. The company will pay sales commission of $149,000. The company will issue 71,428 shares at $56 per share for gross proceeds of $4,000,000 in the transaction and will receive aggregate gross proceeds of $5,439,928 in the transaction. The shares have a hold period of one year. Burnham Securities Inc. acted as a placement agent to the company for the transaction.

On November 20, 2014, the company announced it has issued 30,000 shares for gross proceeds of $30,000 in tranche close to an accredited investor. Burnham Securities, Inc. acted as lead placement agent for the transaction.

On March 13, 2015, GASE Energy, Inc. (OTCPK:GASE) closed the transaction. The company received its final tranche, bringing the total funding received to $1,605,000 from eight investors. The company has paid sales commission of $160,500 in the transaction.