Event Cardio Group Inc. (OTCPK:ECGI) announced that it has entered into a subscription agreement for a private placement of 2,200,000 shares at $0.05 per unit for gross proceeds of $110,000 with four accredited investors on August 5, 2015. The company also issue warrant to purchase 2,200,000 shares at $0.10 per share for four years. The transaction will include participation from Vincent McGill, who will subscribe 400,000 common shares and warrant to purchase 400,000 shares, Louis P Solferino, who will subscribe 1,000,000 common shares and a warrant to purchase 1,000,000 shares, and two non-affiliated shareholder will also subscribe for 400,000 shares and warrant to purchase 400,000 shares each.

The company will issue securities pursuant to exemption provided under Regulation D. The minimum investment accepted from any outside investor is $20,000.