Vega Biofuels, Inc. (OTCPK:VGPR) announced a private placement for gross proceeds of $1,000,000 on July 18, 2014.

On September 15, 2014, Vega Biofuels, Inc. (OTCPK:VGPR) closed the transaction. The company announced that it has received commitment to raise up to approximately $380,000 in funding.