Quasar Aerospace Industries, Inc. (OTCPK:QASP) announced a private placement of common shares for gross proceeds of $15,000 on July 25, 2012. The minimum investment accepted from any outside investor is $5,000. The transaction will see participation from one investor. The securities will be issued pursuant to Regulation D. As of September 10, 2012, the company has raised $15,000. On October 3, 2012, the company announced that it will raise additional $15,000 in funding from one investor. As of November 5, 2012, the company raised $15,000 from the transaction. The company has raised in total $30,000 from the transaction. On December 6, 2012, the company announced that it will raise additional $15,000 in funding from one investor. The minimum investment accepted from any outside investor will be $5,000.