CÜR Media, Inc. (OTCBB:CURM) announced that it has entered into a securities purchase agreement for a private placement of 12% unsecured convertible promissory notes for gross proceeds of $4,000,000 on October 20, 2015. The transaction included participation from certain accredited investors. The notes bear a fixed interest at a rate of 12% per annum and would mature on five years from the date of issuance. The note is convertible into common stock of the company. The company issued securities pursuant to exemption provided under Regulation D.

On the same date, the company has received $565,000 in funding from eight accredited investors. The company incurred expense of $26,500 in relation to the transaction.