Media Technologies, Inc. announced that it has received $0.28 million in funding.
February 28, 2012 at 12:00 am EST
Media Technologies, Inc. (OTCBB: MDTC) announced a private placement of common shares for gross proceeds of $750,000 on February 28, 2012. The company will accept minimum investment of $7,500 from any outside investor.
On February 28, 2012, Media Technologies, Inc. closed the transaction. The company issued 550,000 restricted common stocks at a price of $0.50 per share for gross proceeds of $275,000 in the transaction. No underwriters were used in connection with the transaction.