B-Scada, Inc. (OTCPK:MOBS) announced that it has entered into a stock purchase agreement for private placement of 3,350,000 shares at $0.2 per share for gross proceeds of $670,000 on January 6, 2016. The transaction will include participation from returning investor Yorkmont Capital Partners, L.P., a fund managed by Yorkmont Capital Management, LLC. There are no brokerage commissions, finder's fees or similar fees or commissions payable by the company in connection with the transaction.

The shares have a par value of $0.0001 per share.