Validian Corporation (OTCPK:VLDI) announced a securities purchase agreement for private placement of 1,225 series A preferred shares at a price of $1,000 per share for $1,225,000 on June 2, 2016. The transaction included participation from accredited investors. Each share is convertible into common shares at any time at a conversion price of $0.10 per share, subject to adjustment. The investors will not acquire more than 4.99% stake in the company upon conversion. The shares will not have the rights for dividend payment.