Viva Entertainment Group Inc. (OTCPK:OTTV) announced that it has entered into an investor agreement for a private placement of common shares for gross proceeds of $5,000,000 with Ignition Capital, LLC, of Tampa, Florida on December 8, 2017. the company will receive the funding in over 24 months. The company will draw down at any one time minimum of $25,000, and the maximum of $250,000. A closing will occur on the date which is no earlier than five trading days following and no later than seven trading days following the applicable put notice. The purchase price will be 75% of the lowest trading price of the company's common stock during the pricing period applicable to the put notice. The company issued a promissory note to the investor for the principal sum of $25,000 as a commitment fee for the equity line. The note bears interest at 15% per year, is unsecured, and is due and payable on December 1, 2018.