Intertainment Media Inc. (TSXV:INT) announced a non-brokered private placement of units for gross proceeds of CAD 2,500,000 on December 14, 2012. Each unit will consist of CAD 1,000 principal amount of secured convertible debentures and 8,333 common share purchase warrants. Each warrant will be exercisable into one common share for a two year period from the date of issuance at CAD 0.125 per common share. The debentures will bear interest at a rate of 12% per annum, will be payable bi-monthly and will run for a term of two years. Debentures will be convertible at CAD 0.12 per common share. A finder's fee of up to 8% of the gross proceeds may be paid on all or any portion of the funds raised pursuant to this placement. In addition, finders may receive finders warrants of up to 8% of the number of units issued in connection with the placement. Finder's warrant will be exercisable into a common share for a two year period from the date of issuance at CAD 0.12 per common share. All securities issued will be subject to a hold period of four months.

On January 24, 2013, Intertainment Media Inc. closed the transaction. The company issued 2,525 units, with each unit consisting of a CAD 1,000 principal amount of secured convertible debentures and 8,333 common share purchase warrants, at CAD 1,000 per unit for gross proceeds of CAD 2,525,000. The company paid a cash finder's fee of CAD 33,840 and issued 281,988 finder's warrants to Raymond James Ltd. All securities issued in the transaction are subject to a four-month hold period, expiring May 25, 2013. The debentures issued in the transaction will mature on January 24, 2015. The transaction saw participation from 17 investors. The company issued the units to one investor pursuant to Regulation D.