STG Group, Inc. (OTCPK:STGG) announced that it has entered into common stock purchase agreements for a private placement of 462,778 common shares at $3.6 per share for gross proceeds of $1,666,000.8 on November 14, 2016. Simon S. Lee, a Chairman of the company on behalf of Simon S. Lee Management Trust subscribed shares 435,000 shares and Phillip E. Lacombe, President and Chief Operating Officer of the company subscribed 27,778 shares. The company issued securities pursuant to exemption provided under Regulation D.