Starstream Entertainment, Inc. (OTCBB:SSET) announced a private placement of 1,084,337 shares at a price of $0.83 per share for gross proceeds of $900,000 on October 8, 2013. The company will issue securities to accredited investors. The company may pay placement agent's fees of not more than 8% of the gross proceeds of the transaction and issue shares representing not more than 8% of the shares to be issued in the transaction. The company will issue securities pursuant to exemption provided under Regulation D. The company may appoint finders'/brokers for the transaction.

On the same day, the company issued 602,410 shares for gross proceeds of $500,000 to five investors.

On November 13, 2013, the company announced that it has received funding in tranche closing.

On November 25, 2013, Starstream Entertainment, Inc. closed the transaction. The company has received $899,100 in the transaction from 11 investors including $399,100 received in last two tranches by issuance of a total of 480,843 shares.