MeeMee Media Inc. (OTCPK:MEME) announced a private placement of secured promissory notes with returning accredited investor, KF Business Ventures, LP for gross proceeds of $550,000 on April 6, 2016. The company issued first secured promissory note at $175,000 per note for gross proceeds of $175,000, second secured promissory note at $25,000 per note for gross proceeds of $25,000, third secured promissory note at $175,000 per note for gross proceeds of $175,000, and fourth secured promissory note at $175,000 per note for gross proceeds of $175,000. First, second, and fourth note will carry fixed interest rate of 10% per annum.

Third note will carry a fixed interest rate at 8% per annum. First and second note will mature on December 31, 2017. Third and fourth note will mature on October 14, 2016.

All notes will be convertible into common shares of the company at a fixed conversion price of $0.06 per share. First and second note were issued at par.