Zenosense, Inc. (OTCBB:ZENO) announced that it has entered into a securities purchase agreement for a private placement of 1,370,000 common shares at $0.2 per share for gross proceeds of $274,000 with an accredited investor on July 28, 2014. The company will receive funding in three installments, in August, September and October 2014, each installment in the amount of 337,500 shares for gross proceeds of $67,500. The company will receive funding in four tranches. The company will issue securities pursuant to exemption provided under Regulation D. Andrew D. Hudders of Golenbock Eiseman Assor Bell & Peskoe LLP will act as legal advisor to the company. The company will pay the fees and expenses of its advisers, counsel, accountants, and other experts.

On the same day, the company announced that it has closed the first tranche of the transaction. The company has issued 357,000 shares for gross proceeds of $71,500 in its first tranche close.

In August 2014, the company announced that it has closed the second tranche of the transaction. The company has issued 337,500 shares for gross proceeds of $67,500 in its second tranche close.

In September 2014, the company announced that it has third the second tranche of the transaction. The company has issued 337,500 shares for gross proceeds of $67,500 in its third tranche close.