CTX Virtual Technologies, Inc. (OTCPK:CTXV) announced a private placement for gross proceeds of $6,000,000 on December 28, 2012. The company will issue non-convertible debt and an option, warrant or other right to acquire another security in the transaction pursuant to Regulation D. The minimum investment accepted from any outside investor is $10,000. J.P. Turner & Company, L.L.C. shall act as the placement agent for the company and will receive $780,000 as sales commission.

The agent will receive agent warrants and expense reimbursement in addition to the commission.