Snoogoo Corp. (OTCPK:SGOO) announced a private placement of common shares for gross proceeds of $1,500,000 on September 18, 2013. The transaction includes participation from new investor Aruba Brands, Inc. which will acquire 19.90% stake in the company.

The transaction is expected to be completed in tranches within the 90 day requirement of the agreement. The transaction has been approved by board of directors of the company.