5Barz International Inc. (OTCPK:BARZ) announced a private placement of units at $0.15 per unit on March 6, 2014. Each unit consists of one share and one share purchase warrant. Each warrant can be exercised at a price of $0.30 per share, within two years from the issue.

As of June 30, 2014, the company announced that it has issued 14,546,832 units at $0.15 per unit for gross proceeds of $2,182,025 in first tranche.

As of September 30, 2014, the company announced that it has issued 22,496,965 units for gross proceeds of $3,374,544.75 in second tranche.

On November 14, 2014, 5Barz International Inc. closed the transaction. The company issued 533,335 units in its last tranche close. The company issued 23,030,300 units in this transaction for $3,454,545.