Myriad Interactive Media, Inc. (OTCBB:MYRY) announced a private placement of one convertible promissory note at a price of $55,000 for gross proceeds of $55,000 on January 23, 2014. The note will carry an annual coupon rate of 1% and will be convertible into common shares of the company at between 65% and 80% of the market price for its common stock, with the discount to market lessening gradually over the course of the first 180 days. The interest on the note will be due on or before July 13, 2014.

On January 23, 2014, Myriad Interactive Media, Inc. closed the transaction.