Olie Inc. (OTCBB:OLIE) announced a private placement of 60,000 shares of its convertible preferred stock at $2.50 per stock for gross proceeds of $150,000 on November 15, 2013. The round will include participation from new investor Hi Score Corporation.

On December 4, 2013, the company announced that it will issue an additional 60,000 shares of its convertible preferred stock at $2.50 per stock for gross proceeds of $150,000 to other new investor, Telecorp Inc. The company will issue a total of 120,000 shares of its convertible preferred stock for gross proceeds of $300,000 in the transaction.