MeeMee Media Inc. (OTCPK:MEME) announced that it has entered into a securities purchase agreement with existing investor KF Business Ventures, LP for a private placement of secured convertible grid promissory note for gross proceeds of $200,000 on August 31, 2016. The note carries a fixed coupon of 12% per annum and would mature on December 31, 2018. The note is convertible into common shares of the company at a fixed conversion price of $0.05. The company also issued warrants exercisable at $0.05 per share for a period of until December 31, 2021. The company issued securities pursuant to exemption provided under Regulation D. The company intended to receive gross proceeds of $550,000 in the round with $200,000 on September 27, 2016, $100,000 on October 27, 2016, and $50,000 on November 25, 2016.