Options Media Group Holdings, Inc. (OTCPK:OPMG) announced a private placement of 2,500 series H convertible preferred stock at $100 per share for gross proceeds of $250,000 on March 15, 2012. Each share of series H is convertible into 20,000 shares of common stock. The company also issued 50,000,000 warrants in the transaction. The warrants are exercisable at $0.01 per share. The company issued the shares to three investors. On March 15, 2012, Options Media Group Holdings, Inc. closed the transaction.