WhereDaily News: MOVIT Closes 1st Tranche of Private Placement and Debt Conversion

VANCOUVER, BC--(Marketwired - December 03, 2015) - Further to its news release of November 3, 2015, MOVIT Media Corp. (TSX VENTURE: MV) (the "Company") is pleased to announce that it has closed the first tranche of a $500,000 non-brokered private placement. Subject to regulatory consent, the Company will be issuing 7,500,000 units (the "Placement Units") at a price of $0.05 per Placement Unit for gross proceeds of $375,000. Each Placement Unit consists of one common share and one share purchase warrant. Each warrant will be exercisable into one additional common share at an exercise price of $0.10 per common share for a period of 24 months upon issuance. The Company is working on closing an additional tranche in the near future.

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