Luminar Media Group, Inc. (OTCPK:LRGR) announced that it has entered into a convertible line of credit agreement for private placement of loan for gross proceeds of up to $50,000 with David Roff on February 20, 2017. The loan has an interest rate of 8% per annum and is due in one year from the date of issuance. The investor may convert any or all of the amounts due under the loan into the common shares at a price equal to 90% of the bid price on the day of conversion. The investor may not beneficially own more than 4.99% of the issued and outstanding common shares of the company at any one time.