ProUroCare Medical Inc. (OTCBB:PUMD) announced a private placement of common shares for gross proceeds of $1,000,000 on April 12, 2012. The minimum investment accepted from any outside investor is $10,000. The securities will be issued pursuant to Regulation D. As of April 26, 2012, the company raised $100,000 from one investor. On May 7, 2012, the company announced that it has issued 292,000 shares at $1 per share for gross proceeds of $292,000 to four accredited investors. The company in total has issued 432,000 shares. Pursuant to the terms of the transaction, the investors also received the right to purchase up to an aggregate of 432,000 additional shares till June 29, 2012. The company will raise $864,000 in the transaction. On July 2, 2012, ProUroCare Medical Inc closed the transaction. The company issued additional 275,000 shares at $1 per share for gross proceeds $275,000.