Blue Calypso, Inc. (OTCPK:BCYP) announced that it has entered into a securities purchase agreement for a private placement of 58,824 common shares at a price of $0.84999 for gross proceeds of $50,000 on March 4, 2016. The transaction included participation from existing investor Harold M. Brierley. The investor also received 14,706 warrants to purchase common stock of the company at an exercise price of $1.25 per share until March 4, 2021.