EmployUS LLC announced that it has received $0.15 million in funding.
On February 14, 2014, the company amended the terms of the transaction. The company will receive gross proceeds of $1,000,000 in the transaction. The parties in the transaction have agreed upon closing the transaction upon closing of the reverse merger transaction.
On March 20, 2014, the company issued 600,000 shares for gross proceeds of $90,000 to two investors. The company issued shares pursuant to stock purchase agreement.
On April 1, 2014, The Staffing Group, Ltd. closed the transaction. The company issued additional 200,000 shares at $0.30 per share for gross proceeds of $60,000 in the final tranche to two investors. The company has received $150,000 in the transaction. The company issued 26,667 shares at $0.15 per share as broker fee.