Halo Companies, Inc. (OTCPK:HALN) announced a private placement of 100,000 series E convertible preferred shares at a price of $10 per share for gross proceeds of $1,000,000 on April 30, 2012. The transaction will see participation from an accredited investor. Conversion rate of preferred shares is 50 common shares for one series E convertible preferred share. The securities will be issued pursuant to Regulation D. On the same day the company issued 10,000 series E convertible preferred shares for gross proceeds of $100,000 in its first tranche. As of May 14, 2012, the company has raised $150,000 from two investors. On May 15, 2012, Halo Companies, Inc. closed the transaction. The company has received $200,000 in the transaction. The company issued 20,000 shares in the transaction.