Moovly Media Closes Private Placement

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Mar 15, 2018
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VANCOUVER, British Columbia, March 14, 2018 (GLOBE NEWSWIRE) -- Moovly Media Inc. ("Moovly" or the "Company") (TSXV:MVY, Financial) (OTCQB:MVVYF) (FRANKFURT:0PV2) has closed a non-brokered private placement through the issuance of 5,550,000 units (each, a “Unit”), generating gross proceeds of $555,000. Each Unit will be comprised of one common share in the capital of the Company (a "Common Share") and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase a Common Share at a price of $0.15 per share for a period of one year from the date of issuance.