Network 1 Financial Group, Inc. (OTCPK:NTFL) announced a private placement of common shares and convertible debt for gross proceeds of $400,500 on October 31, 2012. The company will advise itself on the transaction and will receive a sales commission of $20,025. The securities will be issued pursuant to Regulation D.

As of November 12, 2012, the company has raised $150,000 from one investor.