MoneyOnMobile, Inc. announced a private placement of 3,372.5 series F preferred shares at $1,000 per share for gross proceeds of $3,372,500 on December 27, 2017. The shares carry an annual dividend of 8% per annum and carry a conversion price of $0.25 per share. The shares are issued at its stated value of $1,000 per share. The transaction included participation from 40 investors including accredited investors. The minimum amount accepted from any outside investor is $15,000. The company issued securities pursuant to exemption provided under Regulation D.