Vegalab Inc. (fka VEGL)

[illegal_alias]

Private placements at $0.50/share

The Company is making an additional private offering of 1,000,000 shares of common stock for $500,000 in cash. The shares offered will not be registered under the Securities Act, and may not be offered or sold in the United States absent registration under the Securities Act or an applicable exemption from such registration requirements. These shares are offered solely to “accredited investors,” as defined in Rule 501 of Regulation D adopted under the Securities Act, and in reliance on the exemption from registration set forth in Section 4(a)(2) of the Securities Act and Rule 506(b) of Regulation D. As of March 22, 2016, we completed the sale of 760,000 shares of common stock in the private offering at a total sale price of $380,000. We intend to apply $300,000 to the purchase of initial inventory we can make available for testing and initial sales to prospective customers. The remainder will be held and applied for general corporate purposes that facilitate the development of our business and administrative costs.

from page 10 of the 10K